SDHI Signs Letter of Intent with European Ship Owner Rederiet Stenersen AS for Construction of Six 18,000 DWT Chemical Tankers

Swan Defence and Heavy Industries Limited (SDHI) has signed a Letter of Intent (Lol) with European ship owner and operator Rederiet Stenersen AS for construction of six IMO Type Il chemical tankers, each of 18,000 DWT capacity. The deal, worth approximately USD 220 million, marks a significant moment for India’s shipbuilding export and the company’s first major export of advanced chemical tankers to Norway. The vessels will be designed by Marinform AS, Norway, and classed by DNV, built to Ice Class 1A standards, and feature an advanced hybrid propulsion system. Each tanker has been conceived as future-ready, allowing conversion to methanol or LNG fuel and including the provision to upgrade battery capacity up to 5,000-kWh. Delivery timelines and detailed commercial terms will be finalized under the subsequent shipbuilding contract.