JDP for Ultramax bulk carrier design

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 JDP was formally presented during Nor-Shipping 2025, held at NOVA Spektrum in Lillestrøm, Norway.

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.

Sung-Gu Park, President – North East Asia, Lloyd’s Register, said: “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.”