Lloyd’s Register (LR), HD Hyundai Mipo Dockyard Co., Ltd (HMD) and PanOcean have signed a Joint Development Project (JDP) agreement for a new design of Ultramax bulk carrier.
The new vessel design features a forward accommodation block to enable integration of multiple decarbonisation technologies such as fuel cells, alternative fuel engines, wind-assisted propulsion (WASP), and post-combustion carbon capture solutions.
The forward accommodation layout addresses spatial constraints on conventional vessels, which often limit the integration of green technologies. It also incorporates flexibility from the design phase to meet future regulatory requirements.
This Joint Development Project reflects our continued commitment to enabling practical decarbonisation pathways for the maritime industry. By addressing design limitations, this next-generation Ultramax will demonstrate how innovation and collaboration can unlock scalable solutions for sustainable shipping
… said Sung-Gu Park, President – North East Asia, Lloyd’s Register.
The JDP was formally presented during Nor-Shipping 2025, held at NOVA Spektrum in Lillestrøm, Norway.
Wind-assisted propulsion is an increasingly appealing choice for many operators. For instance, in the case of another bulk carrier, Berge Bulk has launched a Newcastlemax bulker, Berge Olympus, with four retrofitted BARTech WindWings by Yara Marine Technologies. According to Berge Bulk, with four WindWings installed, each possessing an aerodynamic span of 37.5 metres height and 20 metres width, the Berge Olympus will save 6 tonnes of fuel per day on an average worldwide route and, in the process, reduce CO2 emissions by approximately 19.5 tonnes per day.
