Mumbai, Jan. 23 -- Swan Defence and Heavy Industries (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.

The agreement also includes an option for an additional six sister vessels. The first vessel is scheduled for delivery within 33 months, with subsequent deliveries ...