Danish-based pump specialist Svanehøj has quadrupled its fuel pump solutions sales in 2021.
Last year was a record for new LNG dual-fuel shipbuilding contracts, which had a very positive impact on the company’s orderbook.
Svanehøj said that it was heading for a total order intake for the year of between DKK750 and DK800 mill - 50% more than the previous record set in 2014.
Its patented DW fuel pump solution was one of the main growth drivers. This system was unveiled in 2015 and will account for almost 30% of total orders in 2021. According to CEO, Søren Kringelholt Nielsen, the many new orders were spread widely across sectors.
“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,” Kringelholt Nielsen said.
Svanehøj enters 2022 with a new strategy and a target of doubling its turnover to DKK1 bill by 2026, the company said.