Milestones

December 2007

• COSCO Shipyard formed JV with COSCO Lianyungang Shipyard Co., Ltd to expand ship repair & conversion and offshore capacity.

November 2007

• COSCO won the best performance award of Global Chinese Corporation. This independent award was organised by the Hong Kong-based media Yazhou Zhoukan. It evaluated 1,000 Chinese Corporations in the world based on their consecutive annual
  performance since 2004. COSCO is the only Singapore-based corporation awarded at this event.
• COSCO was awarded “Golden Brand Award 2007” by the International Brand Summit.
• COSCO Zhoushan Shipyard was nominated as 2007 Lloyd’s List Asia Shiprepair Award finalist.

October 2007

• COSCO was awarded “SIAS Most Transparent Company Award”.

September 2007

• COSCO Shipyard won its first contract to build 80,000 dwt and 92,500 dwt bulk carriers.

August 2007

• COSCO Shipyard continued to win bulk carriers building and conversion contract.

July 2007

• COSCO Shipyard won a contract to convert 10 Very Large Crude Carrier (VLCC) to Very Large Ore Carrier (VLOC).

June 2007

• COSCO Shipyard delivered pontoons for two semi-submersible rigs well ahead of schedule.
• COSCO Shipyard won its first contract to build four car carriers.
• Commissioned a new 300,000 dwt VLCC-size docking facility at COSCO Zhoushan.
• COSCO was included as a component stock in the Nomura Asia-Pacific Major Index.

April 2007

• Commissioned a new 80,000 dwt Panamax-size dry dock facility at COSCO Zhoushan.

March 2007

• COSCO Shipyard won its first Jack-up Rig and Cylindrical Rig building contracts.

February 2007

• COSCO Shipyard was awarded its first contract to build four 30,000 dwt MPP Heavy Lift Vessels (HLV).

January 2007

• COSCO (Zhoushan) Shipyard was incorporated as a wholly-owned subsidiary of COSCO Shipyard (Group).
• COSCO Shipyard won its first semi-submersible vessel building contract and 57,000 dwt bulk carriers building contract.

October 2006

• COSCO was included as a component stock of Prime Partners China Index – the first index to track the performance of China enterprises listed on the Singapore Stock Exchange.

September 2006

• COSCO Shipyard won its fi rst FDPSO (Floating, Drilling, Processing, Storage and Offloading Vessel) new building contract worth US$120 million. This FDPSO is equipped with drilling, production and storage facilities, and it is the largest and most versatile drill ship ever built. This contract enhances the Group’s ability to undertake largescale-high-value projects.

August 2006

• COSCO Shipyard won its first FSO (Floating Storage and Offloading Unit) new building contract. This marked the Group’s entry into the lucrative offshore engineering market. The 52,000 dwt FSO, which is an important storage facility of an oil rig, is scheduled to be built at COSCO Zhoushan Shipyard in January 2007

May 2006

• Shareholders approved to sell four old vessels with an exceptional gain totaling S$25.5 million. The sale of this vessel reduced the overall age of COSCO’s shipping fleet, improved cost savings and efficiency.

March 2006

• COSCO took delivery of new dry bulk carrier, M.V. COS Prosperity, which is a 55,500 dwt handymax vessel.
• COSCO entered into an agreement to dispose four older vessels namely M.V. Sea Phoenix, M.V. Sea Crane, M.V. Jurong Sea and M.V. Cos Angel.

February 2006

• COSCO took delivery of new dry bulk carrier, M.V. COS Orchid, which is a 55,539 dwt handymax vessel.
• COSCO completed the sale of Telok Ayer properties at S$18.6 million.

January 2006

• COSCO started trading of Sub-Divided Shares pursuant to 2:1 share split (every existing ordinary share of S$0.20 each into two ordinary shares of S$0.10 each in the capital of the Company).

December 2005

• COSCO received SGX's in-principle approval for the sub-division (the "Sub-Division") of every existing ordinary share of S$0.20 each into two ordinary shares of S$0.10 each in the capital of the Company

November 2005

• Our wholly-owned subsidiary, Harington Property Pte Ltd, sold off the Telok Ayer properties at the price of S$18.6 million. The sale was part of our Group's strategy to divest our non-core property assets and to focus on our core businesses
  
• We announced our proposal to split the Company shares by way of the Sub-Division

October 2005

• COSCO Shipyard successfully commissioned a 300,000 dwt floating dock, the largest floating dock in China and one of the largest docks in the world, at its Dalian shipyard

August 2005

• COSCO completed the sale of M.V. COS Hero at a sale consideration of US$32.3 million or exceptional gain of US$9 million

July 2005

• COSCO added M.V. Hai Huang Xing, a 74,000 dwt Panamax vessel to its fleet

June 2005

• COSCO added M.V. Ju Da, a 74,000 dwt Panamax vessel to its fleet
  
• COSCO included as a constituent of the MSCI Singapore benchmark index

April 2005

• COSCO Shipyard successfully completed its first repair and conversion of the Floating, Production, Storage and Offloading vessel ("FPSO"), the Nan Hai Kai Tuo

January 2005

• COSCO completed the acquisition of 51% of COSCO Shipyard, making it the largest ship repair company in China

December 2004

• Acquisition of 51% of COSCO Shipyard Group Co. Ltd completed.

November 2004

• Two Panama-incorporated subsidiaries, COS Orchid Shipping Inc. and COS Prosperity Shipping Inc. were dissolved.
  
  
• EGM approved acquisition of 51% of COSCO Shipyard Group Co Ltd.

October 2004

• COSCO Corporation awarded the Gold Award, the top prize among 15 companies, for entrepreneurship and commitment to good enterprise values. The competition was organised by Global Entrepolis Singapore as part of its inaugural International Brand Summit.

September 2004

• In order to reduce the overall age of its fleet to improve efficiency and better comply with the International Safety Management Code, Cosco Corporation's subsidiary, Cosco (Singapore) Pte Ltd, has entered into a conditional agreement with Baoyuan Shipping Co., Ltd to sell M.V. Sea Swan for a total consideration of US$11,150,000.
  
  
• Cosco Corporation has entered into a conditional acquisition agreement with China Ocean Shipping (Group) Company, Guangzhou Ocean Shipping Company, Shanghai Ocean Shipping Company and Tianjin Ocean Shipping Company for the acquisition of 51.0% stake in Cosco Shipyard Group Co., Ltd.

April 2004

• Cosco Corporation's substantial shareholder, Cosco Holdings (Singapore), is transferring its 55.08% stake in Cosco Corporation to parent company China Ocean Shipping (Group) Company. The move will give the parent company a direct controlling interest in Cosco Corporation.

December 2003

• A Memorandum of Understanding was signed on 1 December 2003 with China Ocean Shipping (Group) Company to lease two 74,000 dwt Panamax bulk carriers on a long-term basis when they are delivered in the third quarter of 2005.
  
  
• On 30 December 2003, the Group exercised a Put Option Agreement to sell its 100% interest in Cosland (SR) Development Pte Ltd, a property subsidiary, to COSCO Holdings (Singapore) Pte Ltd. The sale was part of the Group’s strategy to divest its non-core businesses.

November 2003

• The Group’s two new subsidiaries, Cos Orchid Shipping Inc. and Cos Prosperity Shipping Inc., entered into conditional shipbuilding contracts with Nantong COSCO KHI Ship Engineering Co.,Ltd on 26 November 2003 for the building of two new 55,500 metric dwt bulk carriers. Valued at US$18.5 million each, the two vessels are expected to be delivered by the third quarter of 2006.
  
  
• On 28 November 2003, shareholders at an EGM approved the change of the Company’s name from “COSCO Investment (Singapore) Limited” to “COSCOCorporation (Singapore) Limited”.

August 2003

• The acquisition of a 40% interest in COSCO (Dalian) Shipyard Co.,Ltd was completed on 22 August 2003. The purchase consideration of US$18,125,359 was partially settled by the proceeds from the private placement of new shares, with the balance funded by internal resources of the Group.
  
  
• he International Enterprise Singapore (IE Singapore) has extended to COSCO (Singapore) Pte Ltd the approved International Shipping Enterprise Status for another ten years. This AIS status exempts its qualifying Shipping incomes from Corporate Tax.

May 2003

• The Group placed out 100 million new shares to raise S$20 million to part finance the purchase of COSCO (Dalian) Shipyard Co.,Ltd. Out of the placement of 100 million shares, 72 million shares were placed to Seletar Investments Pte Ltd, a wholly owned subsidiary of Temasek Holdings Pte Ltd.

April 2003

• MV Cos Lucky, a sister ship to MV Cos Knight was delivered on 3 April 2003, expanding the Group’s total fleet size to 14 bulk carriers.
  
  
• A conditional agreement was signed with COSCO Industrial Investments Ltd on 23 April 2003 for the acquisition of a 40% interest in COSCO (Dalian) Shipyard Co.,Ltd, a ship repair and marine engineering company in China.

February 2003

• Revo Technologies Limited was sold to COSCO Holdings (Singapore) Pte Ltd on 28 February 2003. The divestment was consistent with the Group’s strategy to eliminate non-core businesses.

February 2002

• To further cements its reputation as a leading ship repair service provider, Cosco Corporation acquired a 50% stake in one of China's largest ship repairers, Cosco Nantong Co. Ltd.