Spurred by the IMO strategy to reduce greenhouse gas (GHG) emissions, Oshima Shipbuilding and classification society DNV GL have signed a long-term strategic cooperation to conduct research and development together on new bulk carrier designs. The first design to result from the cooperation, the “Oshima Ultramax 2030” leading to a 50% reduction in EEDI, was launched at the Nor-Shipping trade fair in Oslo.