SDHI Wins India’s First Chemical Tanker Order; One of the Largest Commercial Shipbuilding Deals for the Nation

Mumbai, January 23, 2026: Marking a major milestone in India’s commercial shipbuilding ambitions, Swan Defence and Heavy Industries Limited (SDHI) today announced the signing of its first newbuild contract for six (6) IMO Type II chemical tankers, each of 18,000 DWT, to be constructed at its revitalized shipyard in Pipavav, Gujarat.

Valued at USD 227 million, the contract from leading European shipowner Rederiet Stenersen AS represents one of India’s largest single commercial shipbuilding orders and the first & the largest
chemical tanker order awarded to an Indian shipyard, reaffirming SDHI’s capabilities in delivering complex, world-class commercial vessels.