Swan Defence Secures Order for Four Ammonia Dual-Fuel Carriers
Filing Summary
Swan Defence and Heavy Industries Limited (SDHI) has announced a contract with Energy ONE Limited to construct four 92,500 DWT ammonia dual-fuel bulk carriers. This order, classified as Category 4, marks the first of its kind in India. The vessels, designed by KMS-EMEC and classed by Det Norske Veritas, will be delivered starting October 2029. Energy ONE Limited, a partner of New Energy One, is investing USD 2 billion in zero-emission ships. This development highlights SDHI’s capabilities in advanced shipbuilding aligned with global emission reduction goals.
Swan Defence and Heavy Industries Limited (SDHI) has secured a contract with Energy ONE Limited for the construction of four 92,500 DWT ammonia dual-fuel bulk carriers. This order is classified as Category 4, indicating an order value between Rs. 1501 crore and Rs. 3000 crore. The contract represents the first instance of ammonia dual-fuel ships being built in India, marking a significant milestone in the country’s shipbuilding industry.
The financial terms of the contract fall within the Category 4 classification, which specifies an order value range of Rs. 1501 crore to Rs. 3000 crore. This classification highlights the substantial financial commitment involved in the construction of these advanced vessels. The contract with Energy ONE Limited underscores the growing confidence in SDHI’s capabilities to handle large-scale, technologically advanced shipbuilding projects.
The scope of the project involves the construction of four bulk carriers, each with a deadweight tonnage of 92,500. These vessels will be equipped with ammonia-fuelled propulsion systems, designed by KMS-EMEC, a South Korean company. The ships will be classed by Det Norske Veritas (DNV), a leading classification society. Each vessel will measure 229.5 meters in length with a beam of 37 meters, showcasing SDHI’s ability to execute complex shipbuilding programs aligned with global trends towards lower-emission shipping.
This development is significant for the Indian shipbuilding industry, as it represents a step forward in technological capability and scale. The construction of these vessels aligns with global efforts to reduce emissions in the shipping industry. The use of ammonia as a marine fuel is in its early stages, and this project positions SDHI at the forefront of this transition. The order from Energy ONE Limited highlights the strategic importance of developing green shipping solutions.
The timeline for the project includes the delivery of the first vessel in October 2029, with subsequent deliveries scheduled at four-month intervals. This phased delivery schedule allows for a systematic approach to the construction and deployment of the vessels. The involvement of KMS-EMEC and DNV ensures that the project adheres to international standards and best practices in shipbuilding and environmental sustainability.
Energy ONE Limited is a partner of New Energy One (NEO), an investment fund focused on green assets. NEO is committed to investing in zero-emission ships, with a total capital investment program of USD 2 billion. The collaboration with SDHI is part of NEO’s strategy to enable industrial end-users to reduce greenhouse gas emissions through innovative maritime solutions.
Swan Defence and Heavy Industries Limited, formerly known as Reliance Naval and Engineering Limited, is a prominent shipbuilding and heavy fabrication company in India. The company operates the country’s largest dry dock and has a significant fabrication capacity. SDHI is focused on innovation, excellence, safety, and sustainability, positioning itself as a leader in fulfilling India’s maritime and industrial ambitions.