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Press Release For Internal Use Only Press Release Shanghai Dec 19th, 2018 Mr. Bastiaan de Koning (right), Global Business Director of DSM met with Mr. Zhao Jin Wen(middle), Vice President of COSCO Shipping Energy and Mr. Li Min (left), general manager of COSCO Shipping Trading //headline/ Celebration of 10th Anniversary for 1st set of Ropes Made with Dyneema® on VLCC Leads to Strengthened Cooperation between DSM and COSCO Shipping Energy //copy/ DSM, the producer of Dyneema®, the world strongest fiber™ and world leading crude oil transporter COSCO Shipping Energy Transportation Co. Ltd.–are celebrating the tenth anniversary for the 1st set of ropes made with Dyneema® fiber on COSPEARL LAKE. As a testament to the success of the long-term partnership between the two companies, Dyneema® fiber has now been continuously selected as yarn material to be used in mooring ropes for COSCO Shipping Energy oil tankers. Back in January 2008, when COSPEARL LAKE became the world’s first VLCC vessel to be 100% equipped with mooring lines made with Dyneema® fiber, mooring lines were typically made with steel wire, which are heavier, and could be harder to handle, and potentially even dangerous. Ten years on, synthetic lines made with Dyneema® fiber have consistently demonstrated high performance and reliability over lifetime, and improvements to crew safety and operational efficiency. Today, the COSPEARL LAKE still relies on the 22 mooring lines brought on board. For Internal Use Only Now, in the latest stage of the long-standing partnership, COSCO Shipping Energy is bringing mooring lines made with Dyneema® fiber to more oil tankers – introducing a number of major benefits: - With scientific design and authorized manufacturers, ropes made with Dyneema® fiber have been proven to serve VLCC for 10 years or even more - Mooring ropes made with Dyneema® fiber are also safer for crews to handle and have significantly reduced the likelihood of hand, wrist or back injuries and eliminated the risk of backlash related to steel wire rope - Ropes made with Dyneema® fiber are up to seven times lighter than a steel wire rope of the same strength and diameter. This makes them easier to handle and reduces the turnaround and docking operation times required for vessels of up to 300,000 tons - Ropes with Dyneema® fiber are chemical resistant and don’t need grease or lubrication, which saves man power, avoids slippery decks and reduces pollution into the sea Bastiaan de Koning, Global Business Director of DSM, says about the deal: “We are very proud of our partnership with COSCO Shipping Energy over the past decade and are pleased to continuously bring Dyneema® fibers to these vessels. Thanks to the skills of our rope making partners and the expertise of our global application development and technical service teams, we are committed to deliver continually outstanding performance to COSCO Shipping Energy vessels for many more years.” * Zhao Jin Wen, Vice President of COSCO Shipping Energy, adds: “Mooring ropes made with Dyneema® fiber has been applied to more than 20 new built very large crude oil tankers (VLCC). In 2008, the 1st set of synthetic lines was installed on COSPEARL LAKE. During these ten years, lines made with Dyneema® exceed our expectations by the clear performance over lifetime, efficiency and safety benefits they can bring. We are delighted to extend our relationship with long-term partner DSM and will apply lines made with Dyneema® fiber on more oil tankers.” DSM – Bright Science. Brighter Living.™ Royal DSM is a purpose-led global science-based company in Nutrition, Health and Sustainable Living. DSM is driving economic prosperity, environmental progress and social advances to create sustainable value for all stakeholders. DSM delivers innovative business solutions for human nutrition, animal nutrition, personal care and aroma, medical devices, green products and applications, and new mobility and connectivity. DSM and its associated companies deliver annual net sales of about €10 billion with approximately 23,000 employees. The company is listed on Euronext Amsterdam. More information can be found at www.dsm.com. Or find us on: About Dyneema® Dyneema®, the world’s strongest fiber™ is DSM’s premium brand for Ultra High Molecular Weight PolyEthylene (UHMWPE) fiber, UD and fabric. Dyneema® combines maximum strength with minimum weight. It is 15 times stronger than quality steel and 40% stronger than aramid fiber, both on weight for weight basis. Industries like law enforcement, defense, maritime, offshore, medical, sports & leisure, fishing, outdoor, automotive, renewable energy, and personal protective equipment For Internal Use Only rely on Dyneema® for its lightweight, protective and durable properties. Innovative applications with Dyneema® fibers and form factors are continuously evolving and expanding. Further information on Dyneema® is available at www.dyneema.com. Dyneema® and Dyneema®, the world’s strongest fiber™ are trademarks of DSM. Use of these trademarks is prohibited unless strictly authorized. About COSCO Shipping Energy COSCO SHIPPING Energy Transportation Co., Ltd. is a specialised company engaging in energy shipment such as oil and natural gas, and is a subsidiary of China COSCO Shipping Corporation Limited, headquartered in Shanghai, and its principal subsidiaries include COSCO SHIPPING Tanker (Shanghai) Co., Ltd., COSCO SHIPPING Tanker (Dalian) Co., Ltd., COSCO SHIPPING LNG Investment (Shanghai) Co., Ltd., China Shipping Development (Hong Kong) Marine Co., Limited and COSCO SHIPPING Tanker (Singapore) Pte. Ltd. COSCO SHIPPING Energy owned 160 oil tankers with a total shipping capacity of 22.53 million deadweight tons (“DWT”) and ranked first globally. COSCO SHIPPING Energy is committed to be an excellent leader in the global energy transportation industry with strong international competitiveness, brand influence and positive reputation from its clients. It will rely on the initiative of “One Belt One Road” with the objective of global operation strategy to serve large-scale petrochemical enterprises and strategic partners, thus provide the customers with quality services of all ship types, globalisation and around the clock. .
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