The Danish pump specialist Svanehøj expects to post an all-time high order consumption of DKK750 million–DKK800 million for 2021, up 50% on the company’s previous report set in 2014.
2021 has been a document year for Svanehøj.
Svanehøj’s patented DW gas pump solution is doubtless considered one of the primary growth drivers. The pump was launched to the market in 2015 and will account for almost 30% of whole orders in 2021.
CEO Søren Kringelholt Nielsen said the company’s gas pump gross sales quadrupled on 2020, with new orders unfold extensively across sectors.
“We see a big improve in orders of gas pump techniques for LNG-fuelled boxships, cruise ships and PCTC vessels. Furthermore, we now have received a very massive number of orders for LPG carriers, where we supply pump systems for both cargo and gasoline,” stated Kringelholt Nielsen.
During 2021, Svanehøj secured two important orders from Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering for LNG gas pump techniques for 22 Ultra Large Container Vessels. And lately, Scientifically proven signed an agreement with a Japanese FGSS provider on gas pumps for six LNG-fuelled Pure Care and Truck Carriers.
“We see clear indications that lots of the ships to be constructed within the coming years will be built to run on LNG. Therefore, we count on additional progress on this phase,” mentioned Kringelholt Nielsen.
“At the identical time, a market for new gasoline types 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 appropriate with e-fuels similar to green ammonia and methanol. In this manner, we tackle shipowners’ uncertainty with a future-proof pump solution. Regardless of the propellant,” mentioned 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 artificial e-fuels, Svanehøj sees great potential in creating pump solutions for the infrastructure to be built round Power-to-X and carbon seize and storage (CCS).
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