Swan Defence Wins Landmark Chemical Tanker Order

28 Jan 2026 CW Team

The contract, valued at USD 227 million, has been awarded by European shipowner Rederiet Stenersen AS and is regarded as one of the largest single commercial shipbuilding orders placed with an Indian shipyard. It is also the first and largest chemical tanker order ever awarded to an Indian yard, highlighting the company’s growing capability to deliver technologically advanced and complex vessels to global standards.

Each vessel will have a deadweight tonnage of 18,000 DWT and will be constructed at the revitalised Pipavav facility, strengthening the shipyard’s return to large-scale, high-value shipbuilding. The agreement also includes an option for six additional sister vessels, which could significantly expand the overall order size and provide long-term visibility for the facility.

The first tanker is scheduled for delivery within 33 months, with the remaining vessels to be delivered at regular intervals thereafter. Each ship will measure around 150 metres in length with a beam of approximately 23 metres, in line with international specifications for modern chemical tankers.

The vessels will be designed by Marinform AS in collaboration with StoGda Ship Design & Engineering, ensuring compliance with the latest safety, efficiency and environmental standards. Classification will be provided by DNV, one of the world’s leading classification societies, adding further credibility to the project.

Built to Ice Class 1A standards, the chemical tankers will feature advanced dual-fuel LNG-ready hybrid propulsion systems, enabling multiple operational modes and improved fuel efficiency supported by high levels of automation. The design reflects rising global demand for environmentally responsible shipping solutions and positions Swan Defence strongly within the evolving green maritime ecosystem.

Swan Defence and Heavy Industries Limited has signed its first newbuild contract for six IMO Type II chemical tankers, marking a major milestone in India’s commercial shipbuilding sector and reinforcing the revival of its Pipavav shipyard in Gujarat. The contract, valued at USD 227 million, has been awarded by European shipowner Rederiet Stenersen AS and is regarded as one of the largest single commercial shipbuilding orders placed with an Indian shipyard. It is also the first and largest chemical tanker order ever awarded to an Indian yard, highlighting the company’s growing capability to deliver technologically advanced and complex vessels to global standards. Each vessel will have a deadweight tonnage of 18,000 DWT and will be constructed at the revitalised Pipavav facility, strengthening the shipyard’s return to large-scale, high-value shipbuilding. The agreement also includes an option for six additional sister vessels, which could significantly expand the overall order size and provide long-term visibility for the facility. The first tanker is scheduled for delivery within 33 months, with the remaining vessels to be delivered at regular intervals thereafter. Each ship will measure around 150 metres in length with a beam of approximately 23 metres, in line with international specifications for modern chemical tankers. The vessels will be designed by Marinform AS in collaboration with StoGda Ship Design & Engineering, ensuring compliance with the latest safety, efficiency and environmental standards. Classification will be provided by DNV, one of the world’s leading classification societies, adding further credibility to the project. Built to Ice Class 1A standards, the chemical tankers will feature advanced dual-fuel LNG-ready hybrid propulsion systems, enabling multiple operational modes and improved fuel efficiency supported by high levels of automation. The design reflects rising global demand for environmentally responsible shipping solutions and positions Swan Defence strongly within the evolving green maritime ecosystem.

Infrastructure Urban

20 Mar 2026

Lemon Tree Hotels Signs Resort In Lonavala Maharashtra

Lemon Tree Hotels Limited (LTHL) has signed a licence agreement for Lemon Tree Resort in Lonavala, Maharashtra, with the asset to be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of LTHL. The resort will offer 50 well appointed rooms and will include a restaurant, banquet, meeting room, swimming pool, spa and fitness centre. The company described the addition as part of its strategy to expand branded resort offerings in key getaway destinations. Lonavala, located in the Sahyadri hills, is a popular leisure destination in western India known for scenic landscapes and a ..

Infrastructure Urban

20 Mar 2026

Kalai Chettinad Art And Architecture Festival At The Lotus Palace

The Lotus Palace Chettinad will host Kalai, the Chettinad Art and Architecture Festival, a four-day, three-night immersive celebration of the artistic legacy of Chettinad from three to six April 2026. The event has been organised by Apeejay Surrendra Park Hotels Limited (ASPHL) and will take place across restored heritage properties in Chettinad. It will be designed to offer guests a layered experience of place, structure and story that connects art, architecture and living traditions. The festival aims to present a confluence of global influences and local aesthetics. Kalai has been curated i..

Infrastructure Energy

20 Mar 2026

SJVN Reaches One bn Units At 1,000 MW Bikaner Solar Project

SJVN Limited (SJVN) has reached a milestone with its 1,000 megawatt (MW) Bikaner Solar Power Project by generating one bn units of electricity on 20 March 2026. The achievement underscores the company's role in supplying clean and sustainable energy to the national grid. The generation milestone was recorded within months of the project commencing operations and highlights rapid performance from the new facility. The Bikaner project, located in Bikaner district of Rajasthan, has been developed and implemented by SJVN Green Energy Limited (SGEL) under the Central Public Sector Undertaking Schem..