The Danish pump specialist Svanehøj expects to submit an all-time excessive order intake of DKK750 million–DKK800 million for 2021, up 50% on the company’s previous record set in 2014.
2021 has been a report year for Svanehøj.
Svanehøj’s patented DW gas pump solution is amongst the major growth drivers. The pump was launched to the market in 2015 and can account for nearly 30% of total orders in 2021.
CEO Søren ไดอะแฟรม mentioned the company’s fuel pump sales quadrupled on 2020, with new orders spread extensively throughout sectors.
“We see a significant increase in orders of gas pump techniques for LNG-fuelled boxships, cruise ships and PCTC vessels. Furthermore, we have acquired a very giant variety of orders for LPG carriers, where we supply pump systems for each cargo and fuel,” said Kringelholt Nielsen.
During 2021, Svanehøj secured two significant orders from Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering for LNG fuel pump techniques for 22 Ultra Large Container Vessels. And just lately, Svanehøj signed an settlement with a Japanese FGSS provider on gasoline pumps for six LNG-fuelled Pure Care and Truck Carriers.
“We see clear indications that many of the ships to be built in the coming years shall be constructed to run on LNG. Therefore, we expect additional growth on this segment,” said Kringelholt Nielsen.
“At the identical time, a market for new gas sorts will emerge, driven by the large-scale investments in Power-to-X. We have already taken this into consideration with our fuel pump, which is fully compatible with e-fuels similar to green ammonia and methanol. In this fashion, we address shipowners’ uncertainty with a future-proof pump answer. Regardless of the propellant,” mentioned Kringelholt Nielsen.
Svanehøj has began 2022 with a new technique and a goal of doubling its turnover to DKK1 billion (US$152 million) by 2026. In addition to fuel pumps for LNG, LPG and future artificial e-fuels, Svanehøj sees nice potential in creating pump options for the infrastructure to be constructed around Power-to-X and carbon capture and storage (CCS).
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