Swan Defence and Heavy Industries Limited (SDHI), India’s largest shipbuilding and heavy fabrication company, has signed a Letter of Intent (LoI) with leading European ship owner and operator Rederiet Stenersen AS for the construction of six IMO Type II chemical tankers, each with a capacity of 18,000 deadweight tons (DWT). This agreement marks a major milestone in India’s shipbuilding exports, representing a total project value of approximately USD 220 million, with an option for an additional six vessels of similar class.
The vessels will be built at SDHI’s state-of-the-art facility in Pipavav, Gujarat. The vessels will be designed by Marinform AS & StoGda, Norway, and classed by DNV. Each ship will be built to Ice Class 1A standards and feature an advanced hybrid propulsion system. The hybrid system supports operational modes with advanced automation for improved manoeuvrability, lower emissions, and operational flexibility.This advanced system enables multiple operational modes supported by automation technologies, enhancing maneuverability, reducing emissions, and improving fuel efficiency.
Each vessel has been designed with a strong emphasis on sustainability and adaptability. The tankers will be future-ready, with design provisions allowing for conversion to methanol or LNG fuel, as well as the ability to upgrade battery capacity up to 5,000 kWh. These features will ensure enhanced environmental performance and long-term flexibility for the adoption of new green technologies as the maritime industry transitions toward cleaner energy solutions.
Commenting on the agreement, Vivek Merchant, Director of Swan Defence and Heavy Industries Limited, stated, “This partnership marks a proud moment for SDHI and for Indian shipbuilding as we embark on our first major export project of advanced chemical tankers to Norway. It represents a significant step in realizing India’s vision of becoming a global leader in complex shipbuilding, covering tankers, bulk carriers, and specialized vessels. The trust placed in us by Rederiet Stenersen AS demonstrates international confidence in India’s shipbuilding excellence and SDHI’s commitment to delivering world-class, future-ready ships.”
The Letter of Intent was formally signed in the presence of Vivek Merchant, Rear Admiral Vipin Kumar Saxena (Ret.), CEO of SDHI, and Sigve Stenersen and John Stenersen representing Rederiet Stenersen AS. Delivery schedules and detailed commercial terms will be finalized in the forthcoming shipbuilding contract.
Founded in 1974, Rederiet Stenersen AS operates a fleet of 19 high-quality chemical and product tankers ranging from 16,000 to 19,000 DWT, primarily serving the Northern European market. The company is renowned for its operational reliability and adherence to the highest environmental standards.
Swan Defence and Heavy Industries Limited (SDHI), formerly known as Reliance Naval and Engineering Limited, is a leading name in India’s shipbuilding and heavy engineering sector. Strategically located on the west coast of India, the shipyard houses the country’s largest dry dock (662m x 65m) and boasts an annual fabrication capacity of 164,000 tons. With a strong focus on innovation, sustainability, and safety, SDHI continues to play a pivotal role in advancing India’s maritime and industrial capabilities.
