The board of directors of COSCO Corporation (Singapore) Limited announce that its subsidiary COSCO (Zhoushan) Shipyard Co Limited has delivered a new build ship, a 57,000 DWT bulk carrier, the MV SHUN XIN, to its buyer, a subsidiary of China COSCO Holdings Company Limited. The delivery documents were signed between COSCO Zhoushan and the buyer at COSCO Zhoushan on February 26th 2010.