COSCO SHIPPING Development Co., Ltd. — Interim / Quarterly Report 2007

Oct 11, 2007

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(A joint stock limited company incorporated in the People’s Republic of China with limited liability)

(Stock Code: 2866)

Unaudited Quarterly Operational Summary for the Third Quarter ended 30 September 2007

The Board is pleased to announce the unaudited operational summary of the Group for the third quarter ended 30 September 2007.

Quarterly Operational Summary

The board of directors (the “Board”) of China Shipping Container Lines Company Limited (the “Company”, together with its subsidiaries, the “Group”) is pleased to announce the unaudited operational summary of the Group for the third quarter ended 30 September 2007. The operational results of the Group for the third quarter ended 30 September 2007 continues to grow rapidly as a result of the Group’s implementation of each operational strategy. Total container volume for the third quarter ended 30 September 2007 was 1,927,909TEU, representing an increase of 34.1% as compared with the same period last year. Total revenue increased by 30.3% as compared with the same period last year to RMB11,037,328,000.

Principal market Transpacific lines Asia – Europe lines Asia – Pacific lines China domestic Sub-routes and other lines Total	CONTAINER VOLUME(TEU) Increase/ Q3 2007 Q3 2006 decrease 450,668 378,454 19.1% 373,261 336,380 11.0% 338,093 290,822 16.3% 486,715 280,668 73.4% 279,172 151,228 84.6% 1,927,909 1,437,552 34.1%	TOTAL REVENUE(RMB’000) Increase/ Q3 2007 Q3 2006 decrease 3,987,067 3,735,283 6.7% 3,837,725 2,293,256 67.3% 1,598,293 1,123,261 42.3% 900,016 503,698 78.7% 714,227 817,548 -12.6% 11,037,328 8,473,046 30.3%	TOTAL REVENUE(RMB’000) Increase/ Q3 2007 Q3 2006 decrease 3,987,067 3,735,283 6.7% 3,837,725 2,293,256 67.3% 1,598,293 1,123,261 42.3% 900,016 503,698 78.7% 714,227 817,548 -12.6% 11,037,328 8,473,046 30.3%
			30.3%

In the third quarter of 2007, one container vessel with a capacity of 9,572TEU and one container vessel with a capacity of 8,530TEU, were delivered and put into operation. The Group’s fleet capacity increased from 379,428TEU at the end of the third quarter of 2006 by 17.0% to 443,910TEU at the end of the third quarter of 2007.

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		CAPACITY	INCREASE
	Q3 2007	Q4 2007	Q1 2008	Q2 2008
Vessel Type	(already	(expected to	(expected to	(expected to
over 4,000TEU	delivered)	be delivered)	be delivered)	be delivered)
8,530 TEU	1	–	1	1
9,572 TEU	1	–	–	–
Total no. of vessels	2	0	1	1
Total (TEU)	18,102	0	8,530	8,530

Caution Statement

The Board wishes to remind investors that the above operational summary for the third quarter ended 30 September 2007 is based on the Group’s internal records and management accounts and has not been reviewed or audited by the auditors. Investors are cautioned not to rely unduly on the operational summary for the third quarter ended 30 September 2007. In the meantime, investors are advised to exercise caution when dealing in the shares of the Company.

By order of the Board China Shipping Container Lines Company Limited Li Shaode Chairman

Shanghai, the People’s Republic of China 11 October 2007

The Board as at the date of this announcement comprises of Mr. Li Shaode, Mr. Zhang Guofa, Mr. Huang Xiaowen and Mr. Zhao Hongzhou, being executive Directors, Mr. Ma Zehua, Mr. Zhang Jianhua, Mr. Wang Daxiong, Mr. Yao Zuozhi and Mr. Xu Hui, being non-executive Directors, and Mr. Hu Hanxiang, Mr. Jim Poon (also known as Pan Zhanyuan), Mr. Wang Zongxi, and Mr. Shen Kangchen, being independent non-executive Directors.

• The Company is registered as an oversea company under Part XI of the Companies Ordinance (Chapter 32 of the Laws of Hong Kong) under its Chinese and the English name “China Shipping Container Lines Company Limited”.

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