Japan’s leading bulk carrier builders are seeking to take advantage of increased interest in high-efficiency ships to win back market share from China and South Korea.

Their business plans are being developed around marketing Energy Efficiency Design Index (EEDI) Phase 3 vessels, while rivals are offering less-efficient Phase 2 ships.

Under International Maritime Organization regulations, the Phase 3 standard is not mandatory until 2025 but there is increasing interest in such vessels to meet commercial and regulatory monitoring of environmental performance in the coming years.