SAHAM MAX

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China Rongsheng Delivers Eighth VLOC Vale Saham to Oman Shipping Company

China Rongsheng Heavy Industries Group Holdings Limited announced on Jan. 4, 2012 the delivery of their eighth 380,000 DWT class Very Large Ore Carrier (“VLOC”). With further enhancements in their overall shipbuilding process, the Group continues to deliver more shipbuilding products in line with low-carbon and green concepts. Christened “VALE SAHAM”, the new Rongsheng-built VLOC delivered to Oman Shipping Company S.A.O.C. today adopts an environmentally friendly design to lower oil consumption and reduce the emission of CO2, while its operating efficiency exceeds that of most existing ore carriers. With Energy Efficiency Design Index (“EEDI”) recorded at approximately 1.99 during sea trials, Rongsheng-built VLOCs are in line with low-carbon green product initiative and meets the benchmark requirements on emission reduction set by International Maritime Organization (“IMO”), which came into effect as of 1 January 2013.