Svanehoj Hits Record Order Intake in 2021

Source: www.gulfoilandgas.com 12/22/2021, Location: Europe

A terrific 2021 is coming to an end, and Svanehoj is heading for a total order intake for the year between DKK 750 and 800 million. This is 50% more than the previous record set in 2014.

Svanehoj’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 in 2021.

“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,” says CEO Søren Kringelholt Nielsen.

Most recently, Svanehoj 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.

Svanehoj enters 2022 with a new strategy and a target of doubling its turnover to DKK 1 billion in 2026. In addition to fuel pumps for LNG, LPG, and future synthetic e-fuels, Svanehoj sees great potential in developing pump solutions for the infrastructure to be built around Power-to-X and carbon capture and storage (CCS).


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