A quartet of offshore technology provider Moss Maritime, class society DNV, shipbroker Fearnleys and power specialist Siemens Energy have teamed up on a new design of larger capacity LNG carrier designed to slash CO2 emissions, reduce unit freight cost and virtually eradicate methane slip.

The partners, who are due to hold a signing ceremony at the huge Gastech meeting in Milan on Monday, said their Ocean Green design will use a hybrid combined-cycle power and propulsion plant. This will use the BlueVault energy storage solution that combines a gas turbine and a steam turbine to power the vessel.