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Swan Defence and Heavy Industries Limited (SDHI) has secured a USD 227 million contract from European shipowner Rederiet Stenersen AS to build six IMO Type II chemical tankers of 18,000 DWT each. Constructed at SDHI's Pipavav shipyard in Gujarat, this is India's largest single commercial shipbuilding order and the first major chemical tanker project awarded to an Indian yard. The contract includes an option for six more vessels, with the first tanker expected within about 33 months. The deal reflects growing international confidence in India's shipbuilding capabilities.
Swan Defence and Heavy Industries (SDHI) has received a firm order valued at USD 227 million to build six chemical tankers for Rederiet Stenersen AS, a European shipowner. Each tanker will have a deadweight capacity of 18,000 tonnes and be classified as an IMO Type II vessel. The ships will be constructed at SDHI's Pipavav shipyard in Gujarat, which is India's largest dry dock facility. This order is the first significant chemical tanker project awarded to an Indian shipyard and marks one of the largest single commercial shipbuilding deals in the country. Advertisement
The contract also includes an option for an additional six sister vessels, potentially expanding the scope to 12 ships. The tankers are designed by Marinform AS and StoGda Ship Design & Engineering, and will be classed by DNV. Each vessel will be approximately 150 metres in length with a beam of about 23 metres. They will feature advanced dual fuel, LNG ready hybrid propulsion systems that support multiple operational modes and automated functionality, meeting modern efficiency and environmental standards.
The first tanker is scheduled for delivery in around 33 months, with the remaining five to follow at regular intervals. This order follows a Letter of Intent signed between SDHI and Rederiet Stenersen AS in late 2025. Analysts note that the revival of Pipavav shipyard under new management and improvements in technical capabilities have attracted strong international interest.
Policy support has also played a role. Recent revisions to India's Shipbuilding Financial Assistance Scheme now classify chemical carriers as specialised vessels, making them eligible for state incentives. Experts suggest this will further strengthen India's competitiveness in international shipbuilding, attracting more large-scale orders from global shipowners. The order reflects both technical readiness and increasing confidence in India's ability to handle complex vessel projects.
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