COSCO's option contracts for two platform supply vessels declared effective

The Board of Directors of COSCO Corporation (Singapore) Limited announces that two option contracts, awarded to COSCO (Guangdong) Shipyard Co., Ltd, a subsidiary of the Company’s 51 % owned subsidiary, COSCO Shipyard Group Co., Ltd, for the construction of two platform supply vessels have been declared effective, the company said in its press release. The option contracts, valued at approximately USD60 million, were from a Singapore based company, the company said in its press release.