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02 Building Scale COSCO Corporation (Singapore) Limited 2 1 3 4 5 6 7Shipyards, no. 1 in China
03 Building Scale COSCO Corporation (Singapore) Limited Building Scale In a booming market where demand outstrips supply, scale enables us to capture more growth. We are expanding the size and the scope of our operations to provide greater breadth and depth in our core business offerings, and broaden our earnings base. In our shipping business, we are expanding our dry bulk carrier fleet by four ships over the next two years, which will increase our total fleet capacity to 1,000,000 dwt. In ship repair, we will become one of the largest ship repair and conversion companies in China, and one of the largest worldwide after our recent acquisition of 51% of COSCO Shipyard Group with its 7 shipyards. Our planned expansion in these yards will add another 1 million dwt to our capacity and include the largest dry dock in China. The scale of these facilities will enable us to attract not only more work but higher value projects, including oil rigs and major ship conversions. COSCO Corporation (Singapore) Limited Annual Report 2004
Page 1 and 2: COSCO Corporation (Singapore) Limit
Page 3: 01 Corporate Profile COSCO Corporat
Page 7 and 8: 05 Increasing Value COSCO Corporati
Page 9 and 10: 07 Growing Opportunities COSCO Corp
Page 11 and 12: 09 At A Glance COSCO Corporation (S
Page 13 and 14: 11 Financial Highlights COSCO Corpo
Page 15 and 16: 13 Chairman’s Letter COSCO Corpor
Page 17 and 18: 15 President’s Statement COSCO Co
Page 19 and 20: 17 President’s Statement COSCO Co
Page 21 and 22: 19 Operations Review & Geographical
Page 23 and 24: 21 Operations Review COSCO Corporat
Page 31 and 32: 29 Inside COSCO Corporation COSCO C
Page 33 and 34: 31 Inside COSCO Corporation COSCO C
Page 35 and 36: 33 Board of Directors COSCO Corpora
Page 37 and 38: 35 Board of Directors’ Profile CO
Page 39 and 40: 37 Corporate Structure COSCO Corpor
Page 41 and 42: 39 Financial Review COSCO Corporati
Page 43 and 44: 41 Corporate Governance COSCO Corpo

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