 In December 2015, COSCO Group underwent a major reorganisation with China Shipping Group to form the new China COSCO Shipping Corporation Limited.As part of the reorganization, China COSCO would sell 100% of equity interest in China COSCO Bulk Shipping (Group) Co., Ltd. to COSCO Group, representing the disposal of its dry bulk shipping business.After the reorganization, China COSCO would focus on the container shipping business.