COSCO Corporation (Singapore) Limited provided consolidated earnings guidance for the year ended December 31, 2014. The company's consolidated financial results ended December 31, 2014 will show significantly lower earnings as compared to the consolidated financial results for the financial year ended December 31, 2013. This is mainly due to the steep fall in crude oil prices over recent months which has had an adverse impact on the global offshore marine industry and the one-off charge in respect of the Octabuoy hull and topside module project.