Swan Defence Secures Landmark $227M Deal for Six Chemical Tankers

• Swan Defence and Heavy Industries (SDHI) has won a $227 million contract to build six IMO Type-II chemical tankers for Norwegian firm Rederiet Stenersen AS.
• The 18,000 DWT vessels will be constructed at SDHI's Pipavav Shipyard in Gujarat, marking one of India's largest commercial shipbuilding contracts.
• This order is the largest chemical tanker contract ever awarded to an Indian shipbuilder, with an option for six additional sister vessels.
• The first dual-fuel (including LNG) vessel is expected in 33 months, each measuring 150 meters long and 23 meters wide.
• SDHI Director Vivek Merchant highlighted the deal as a testament to India's growing shipbuilding ecosystem and supportive maritime policies.

Why It Matters: Swan Defence's $227M contract for chemical tankers signifies a major boost for India's shipbuilding industry.