Danish fuel pump specialist Svanehøj has quadrupled its sales of fuel pump solutions in 2021 as the shipping industry sees an increase in liquefied natural gas (LNG)-fuelled newbuilds.
The company’s main growth driver is its patented DW fuel pump solution, accounting for almost 30% of total orders this year.
A total order intake for the year of between $114m - $121.5m – 50% more than the previous record – is a testament to the increasing focus from the shipping industry on low-carbon fuels.
Revealing that Svanehøj is seeing a ‘significant increase’ in orders of fuel pump systems for LNG-fuelled box ships, cruise ships and PCTC vessels, Søren Kringelholt Nielsen, added, “Furthermore, we have received a very large number of orders for LPG carriers, where we supply pump systems for both cargo and fuel.”
The company’s growth can also be attributed to orders from shipping giants Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering for LNG fuel pump systems for 22 Ultra Large Container Vessels.
A separate agreement with a Japanese FGSS (fuel gas supply system) supplier has been signed which will see NYK receiving six LNG-fuelled Pure Care and Truck Carriers.
With an ambition to double the company’s turnover in 2026, Nielsen said, “We see clear indications that many of the ships to be built in the coming years will be built to run on LNG, therefore we expect further growth in this segment.”