Swan Defence and Heavy Industries Limited Achieves Major Contract
Recently, Swan Defence and Heavy Industries Limited (SDHI) announced a landmark achievement with the signing of its first newbuild contract for six IMO Type II chemical tankers, each boasting a capacity of 18,000 DWT. These vessels are set to be constructed at SDHI's revitalized shipyard in Gujarat, India.
Significance of the Contract
This prestigious contract, valued at USD 227 million, was awarded by European shipowner Rederiet Stenersen AS. It stands out as the first and largest chemical tanker order granted to an Indian shipyard, showcasing SDHI's expertise in delivering high-quality, complex vessels.
Details of the Agreement
The agreement also includes an option for an additional six sister vessels, demonstrating a strong commitment to this collaboration. The initial vessel is slated for delivery within 33 months, with additional vessels being delivered at regular intervals thereafter.
Innovative Design and Propulsion
The chemical tankers will be designed in partnership with Marinform AS and StoGda Ship Design & Engineering and will adhere to DNV classification standards. With Ice Class 1A design norms, these vessels are equipped with state-of-the-art dual-fuel LNG-ready hybrid propulsion systems. This innovation enables versatile operational modes and is supported by extensive automation.
Leadership Insights
Vivek Merchant, Director of SDHI, expressed his enthusiasm: "This marks a historic milestone in the shipyard's new journey toward becoming a state-of-the-art shipbuilding hub. The order from Rederiet Stenersen AS reinforces global confidence in our ability to deliver high-quality, future-ready vessels. It's an important achievement for SDHI and a testament to India's evolving shipbuilding environment. We appreciate Rederiet Stenersen AS for their trust in us as we embark on this significant partnership."
Impact of the Contract on the Shipbuilding Sector
This contract represents the first newbuild order at India's largest shipyard after it underwent revitalization under the management of Swan Corp Limited, the parent company of SDHI.
Reactions from Rederiet Stenersen AS
John Stenersen, Director of Ship Management at Rederiet Stenersen AS, also shared his perspective, stating, "Our decision to place this newbuilding contract with an Indian shipyard results from a detailed technical and commercial assessment. It highlights our confidence in SDHI's capabilities, engineering excellence, and commitment to delivering specialized vessels that adhere to our global standards while being competitively priced."
About Swan Defence and Heavy Industries Limited
Swan Defence and Heavy Industries Limited (SDHI), previously known as Reliance Naval and Engineering Limited, stands as a prominent shipbuilding and heavy fabrication entity in India. Operating the country's largest dry dock, measuring 662 m × 65 m, the shipyard boasts an impressive fabrication capacity of 164,000 tonnes per annum.
Frequently Asked Questions
What is the significance of the new contract for SDHI?
The contract is a landmark achievement for SDHI, marking their entry into the chemical tanker segment and demonstrating their capabilities in shipbuilding.
How many vessels are included in the contract?
The initial contract is for six chemical tankers, with an option for an additional six sister vessels.
Who designed the tankers?
The vessels will be designed by Marinform AS and StoGda Ship Design & Engineering, ensuring advanced engineering standards.
When is the first vessel expected to be delivered?
The first vessel is set for delivery within 33 months from the contract signing date.
What are the unique features of these tankers?
The tankers will feature dual-fuel LNG-ready hybrid propulsion and Ice Class 1A standards, making them versatile for various operational conditions.
