Svanehøj hails record pump order deals for 2021
Danish pump specialists Svanehøj has sealed a successful 12 months with a total order intake for the year of between $750 and 800 million (€100 and €107 million).
This is 50% more than the previous record set in 2014.
Svanehøj’s patented DW fuel pump solution is one of the main growth drivers. Fuel pump sales have quadrupled compared to 2020 and will account for almost 30% of total orders last year.
“We see a significant increase in orders of fuel pump systems for LNG-fuelled boxships, cruise ships and PCTC vessels. Furthermore, we have received a very large number of orders for LPG carriers, where we supply pump systems for both cargo and fuel,” said CEO Søren Kringelholt Nielsen.
Most recently, Svanehøj has signed an agreement with a Japanese FGSS supplier on fuel pumps for six LNG-fuelled Pure Care and Truck Carriers. The end customer is NYK, which is positioning LNG fuel as a bridge solution until future zero-emission ships can be realised.
Svanehøj said it was entering the new year with a new strategy and a target of doubling its turnover to $1 billion (€0.13 billion) in 2026.
In addition to fuel pumps for LNG, LPG, and future synthetic e-fuels, the company said it saw great potential in developing pump solutions for the infrastructure to be built around Power-to-X and carbon capture and storage (CCS).
This is 50% more than the previous record set in 2014.
Svanehøj’s patented DW fuel pump solution is one of the main growth drivers. Fuel pump sales have quadrupled compared to 2020 and will account for almost 30% of total orders last year.
“We see a significant increase in orders of fuel pump systems for LNG-fuelled boxships, cruise ships and PCTC vessels. Furthermore, we have received a very large number of orders for LPG carriers, where we supply pump systems for both cargo and fuel,” said CEO Søren Kringelholt Nielsen.
Most recently, Svanehøj has signed an agreement with a Japanese FGSS supplier on fuel pumps for six LNG-fuelled Pure Care and Truck Carriers. The end customer is NYK, which is positioning LNG fuel as a bridge solution until future zero-emission ships can be realised.
Svanehøj said it was entering the new year with a new strategy and a target of doubling its turnover to $1 billion (€0.13 billion) in 2026.
In addition to fuel pumps for LNG, LPG, and future synthetic e-fuels, the company said it saw great potential in developing pump solutions for the infrastructure to be built around Power-to-X and carbon capture and storage (CCS).
