Japanese shipowner Mitsui OSK Lines is joining forces with Indian giant Tata Steel to develop a more environmentally friendly bulker.
The two sides will explore emissions-reduction technologies as they seek to cut carbon output.
MOL told TradeWinds that it will consider both a fresh newbuilding design and the adaptation of an existing ship.
Peeyush Gupta, vice president of supply chain at Tata Steel, said the objective is to cut emissions in the transport of raw materials used in steel production.
