ITT announced a strategic commercial agreement from its Svanehoj business, furthering the company’s leadership position in the green energy transition. Svanehoj, acquired in January 2024 by ITT, is a designer and manufacturer of specialized cryogenic deepwell and submersible pumps for the marine sector. Svanehoj will provide deepwell ammonia fuel pumps for eight bulk carriers owned by a leading maritime shipping and logistics group as part of the contract. The pumps will deliver a highly reliable supply of fuel and are fully compatible with all liquefied gas fuels, including liquefied natural gas, liquefied petroleum gas, methanol and ammonia. This will drive long-term growth as sustainable fuels are widely adopted to reduce greenhouse gas emissions. The first two Svanehoj pumps will be delivered in 2024 with the remainder of the order fulfilled in 2025. The bulk carriers are the first commercial vessels of this size capable of being powered by ammonia. They will be equipped with a dual fueling system: a traditional diesel oil system and a clean fuel system. Svanehoj fuel pumps will future-proof the vessels to handle ammonia and other sustainable fuels.