+
Swan Defence Secures Landmark Chemical Tanker Order
PORTS & SHIPPING

Swan Defence Secures Landmark Chemical Tanker Order

Swan Defence and Heavy Industries (SDHI), owner of the Pipavav Shipyard in Gujarat, has signed a newbuild contract for six chemical tankers, marking the first such deal secured by an Indian shipbuilder.

Valued at USD 227 million, the contract from European shipowner Rederiet Stenersen AS ranks among India’s largest single commercial shipbuilding orders and represents the first and largest chemical tanker order awarded to an Indian shipyard. The agreement also includes an option for an additional six sister vessels, further strengthening the scale of the partnership.

SDHI said progressive maritime policies, including the Shipbuilding Financial Assistance scheme, have enabled Indian private shipyards to compete effectively with leading global players. According to Vivek Merchant, Director at SDHI, supportive policy measures have been instrumental in enhancing the competitiveness of domestic shipbuilding.

The first vessel is scheduled for delivery within 33 months, with subsequent ships to be delivered at regular intervals. Each tanker will measure approximately 150 metres in length and around 23 metres in beam.

The vessels will be designed by Marinform AS and StoGda Ship Design & Engineering and classed by DNV. Built to Ice Class 1A standards, the tankers will feature dual-fuel, LNG-ready hybrid propulsion systems, offering multiple operational modes supported by advanced automation.

The contract underscores India’s growing capabilities in high-value commercial shipbuilding and strengthens its position in the global maritime industry.

Swan Defence and Heavy Industries (SDHI), owner of the Pipavav Shipyard in Gujarat, has signed a newbuild contract for six chemical tankers, marking the first such deal secured by an Indian shipbuilder. Valued at USD 227 million, the contract from European shipowner Rederiet Stenersen AS ranks among India’s largest single commercial shipbuilding orders and represents the first and largest chemical tanker order awarded to an Indian shipyard. The agreement also includes an option for an additional six sister vessels, further strengthening the scale of the partnership. SDHI said progressive maritime policies, including the Shipbuilding Financial Assistance scheme, have enabled Indian private shipyards to compete effectively with leading global players. According to Vivek Merchant, Director at SDHI, supportive policy measures have been instrumental in enhancing the competitiveness of domestic shipbuilding. The first vessel is scheduled for delivery within 33 months, with subsequent ships to be delivered at regular intervals. Each tanker will measure approximately 150 metres in length and around 23 metres in beam. The vessels will be designed by Marinform AS and StoGda Ship Design & Engineering and classed by DNV. Built to Ice Class 1A standards, the tankers will feature dual-fuel, LNG-ready hybrid propulsion systems, offering multiple operational modes supported by advanced automation. The contract underscores India’s growing capabilities in high-value commercial shipbuilding and strengthens its position in the global maritime industry.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code