The Danish pump specialist Svanehøj expects to post an all-time excessive order consumption of DKK750 million–DKK800 million for 2021, up 50% on the company’s earlier document set in 2014.
2021 has been a document yr for Svanehøj.
Svanehøj’s patented DW fuel pump resolution is amongst the major development drivers. The pump was launched to the market in 2015 and will account for almost 30% of complete orders in 2021.
CEO Søren Kringelholt Nielsen said the company’s gasoline pump gross sales quadrupled on 2020, with new orders unfold widely throughout sectors.
“We see a major improve in orders of gas pump systems for LNG-fuelled boxships, cruise ships and PCTC vessels. Furthermore, we now have obtained a really giant variety of orders for LPG carriers, the place we supply pump systems for both cargo and gasoline,” said Kringelholt Nielsen.
During 2021, Svanehøj secured two vital orders from Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering for LNG fuel pump systems for 22 Ultra Large Container Vessels. And just lately, spmk700 signed an settlement with a Japanese FGSS supplier on gasoline pumps for six LNG-fuelled Pure Care and Truck Carriers.
“We see clear indications that lots of the ships to be constructed in the coming years might be constructed to run on LNG. Therefore, we expect additional growth in this section,” mentioned Kringelholt Nielsen.
“At the same time, a market for new fuel types will emerge, pushed by the large-scale investments in Power-to-X. We have already taken this under consideration with our fuel pump, which is absolutely compatible with e-fuels similar to green ammonia and methanol. In this fashion, we handle shipowners’ uncertainty with a future-proof pump resolution. Regardless of the propellant,” stated Kringelholt Nielsen.
Svanehøj has started 2022 with a new technique and a target of doubling its turnover to DKK1 billion (US$152 million) by 2026. In addition to fuel pumps for LNG, LPG and future synthetic e-fuels, Svanehøj sees great potential in developing pump options for the infrastructure to be constructed around Power-to-X and carbon seize and storage (CCS).
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