HomeBusinessSwan Defence & Heavy Industries bag chemical tanker deal worth $227 million

Swan Defence & Heavy Industries bag chemical tanker deal worth $227 million

Swan Defence And Heavy Industries (SDHI) on Friday announced that the company has signed a $227 million contract for six chemical tankers with European shipowner Rederiet Stenersen AS. The company termed it as one of India’s largest single commercial shipbuilding orders and the first & the largest chemical tanker order awarded to an Indian shipyard.

The six 18,000 Deadweight Tonnage (DWT) IMO Type II chemical tankers will be constructed at its revitalized shipyard in Pipavav, Gujarat. Each tanker will have an overall length of approximately 150 metres and a beam of approx. 23 metres.

The chemical tankers will be designed by Marinform AS and StoGda Ship Design & Engineering and classed by DNV, Swan Defence And Heavy Industries Ltd. said in a regulatory filing. The Ice Class 1A standard vessels will feature an advanced dual-fuel LNG-ready hybrid propulsion system, that would enable multiple operational modes supported by high levels of automation.

SDHI-Rederiet Stenersen AS agreement also includes an option for an additional six sister vessels. The Indian shipmaker will deliver the first vessel within 33 months, with subsequent deliveries planned at regular intervals. Both the companies signed a Letter of Intent (LoI) in November 2025.

John Stenersen, Director – Ship Management, Rederiet Stenersen AS noted that this is the company’s first newbuilding contract placed with an Indian shipyard, following a comprehensive technical and commercial evaluation.


Commenting on the contract, Vivek Merchant, Director, SDHI, said, “This marks a historic milestone in the shipyard’s new journey toward becoming a state-of-theart shipbuilding hub.”
“Progressive maritime policies, including the Shipbuilding Financial Assistance scheme, have enabled Indian private shipyards to compete successfully with leading global peers,” he added.

Source link

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments