By Stuart Radnedge2015-04-20T10:38:00+01:00
Bestobell Marine, part of the President Engineering Group (PEGL), has reached a significant milestone in the company’s history, after receiving the 200th order for its cryogenic valves for use on vessels.
What’s equally impressive is that 100 of these orders have been secured in the last two years by the company.
Bestobell Marine’s recent increase in vessel orders is due in part to the company’s expansion into supplying valves to LNG (liquefied natural gas) fuel gas systems, which is a rapidly growing market.
Over the past two years, Bestobell Marine has established itself as one of the leading cryogenic globe valve suppliers for LNG fuel gas systems and the company has recently received its 37th order of this kind. With the expected increase in demand for fuel gas systems, the company is in a strong position to increase its market share even further internationally.
Duncan Gaskin, Sales Director of Bestobell Marine, said, “We are really excited about the huge opportunities for developing our business even further into the marine sector. We are now supplying cryogenic valves for LNG carriers, LNG fuel gas systems, reliquefaction equipment and re-gasification equipment on a global basis. We look forward to working with our marine customers towards the next milestone.”
The Marine sector of Bestobell has secured two new high profile contracts for its cryogenic globe and check valves. The products are to be fitted in the LNG reliquefaction systems that will be installed on two LNG carriers being constructed in South Korea and two in Japan.
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