In March 2020, the Company completed the non-public issuance of 730,659,024 A shares, raised RMB5.1 billion, which demonstrated a successful contra-cyclical, low-cost capacity expansion.

In 2019, in accordance with the overall strategy of COSCO Shipping Group, the Company successfully completed reforms on vessel management system, supporting business model and the organization at its headquarters, unified fleet operation and vessel management, and thus realized centralised and optimised allocation of resources. A new framework, a new system, and a new team were officially put into operation on 1 February, 2019.

In March 2018, the company completed the acquisition of PetroChina's CPP fleet by increasing its holding shares to 51%. COSCO PetroChina Shipping Co., Ltd. was officially established for operation and became a leading domestic CPP shipping company.

From November to December 2017, the company signed 16 ship construction contracts with Dalian Shipbuilding Industry Group Co., Ltd., Dalian COSCO Kawasaki Ship Engineering Co., Ltd., Guangzhou Shipyard International Co., Ltd., and China Shipbuilding International Trade Co., Ltd., which improved the age structure of the fleet and completed ship types, maintaining the company’s world- leading position in terms of the size of the fleet.

On 6 June 2016, COSCO SHIPPING Energy Transportation Co., Ltd. was inaugurated and headquartered in Shanghai. In the first half of 2016, China Shipping Development Company Limited has implemented significant asset reorganization to sell 100% equity interests of China Shipping Bulk Carrier Co., Limited to China COSCO Bulk Shipping (Group) Co., Ltd and acquire 100% equity interests of Dalian Ocean Shipping Company Limited from China Ocean Shipping (Group) Company. Upon completion of the reorganization, the main business of the Company will be changed to oil shipment business and LNG shipment business, and the company name will be changed to “COSCO Shipping Energy Transportation Co., Ltd.” from “China Shipping Development Company Limited”.