Swan Defence Signs LOI with Rederiet Stenersen for Six 18,000 DWT Chemical Tankers

Swan Defence to Build Six Chemical Tankers for Norwegian Firm Under New LOI

Swan Defence and Heavy Industries Ltd has entered into a strategic agreement with Norway-based Rederiet Stenersen AS, signing a Letter of Intent (LOI) for the construction of six chemical tankers, each with a deadweight tonnage (DWT) of 18,000. The announcement was confirmed via a regulatory filing with the National Stock Exchange (NSE) on November 10, 2025.

This development signals Swan’s growing presence in the global shipbuilding market and its capability to deliver specialized vessels for international clients. The tankers will be designed for transporting chemicals and other hazardous liquids, adhering to stringent European maritime safety and environmental standards.

Major takeaways:

Project scope  

• Six chemical tankers of 18,000 DWT each  
• Client: Rederiet Stenersen AS, Norway  
• Vessel type: IMO-compliant chemical carriers  

Strategic relevance  

• Expands Swan’s footprint in European maritime contracts  
• Boosts India’s shipbuilding exports and defence-industrial capabilities  

Operational outlook  

• Construction expected to begin post-final contract signing  
• Focus on sustainability, safety, and advanced engineering  

Sources: NSE India, Swan Defence Investor Filings, MarineLink, Reuters.