Swan Defence and Heavy Industries Limited Secures Chemical Tanker Order from Europe's Rederiet Stenersen AS

MUMBAI, India, Jan. 26, 2026 /PRNewswire/ -- Marking a major milestone, Swan Defence and Heavy Industries Limited (SDHI) 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 Gujarat, India.

Valued at USD 227 million, the contract from leading European shipowner Rederiet Stenersen AS, the first and the largest chemical tanker order awarded to an Indian shipyard, reaffirming SDHI's capabilities in delivering complex, world-class commercial vessels.

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

The vessels will be designed by Marinform AS and StoGda Ship Design & Engineering and classed by DNV. Built to Ice Class 1A standards, the tankers will feature advanced dual-fuel LNG ready hybrid propulsion, enabling multiple operational modes supported by high levels of automation.

Vivek Merchant, Director, SDHI, said, "This marks a historic milestone in the shipyard's new journey toward becoming a state-of-the-art shipbuilding hub. The order from Rederiet Stenersen AS underscores global confidence in our ability to deliver future-ready, high-quality vessels. This agreement is not only a significant achievement for SDHI but also a strong endorsement of India's growing commercial shipbuilding ecosystem. Progressive maritime policies, including the Shipbuilding Financial Assistance scheme, have enabled Indian private shipyards to compete successfully with leading global peers. We sincerely thank Rederiet Stenersen AS for their trust and support in SDHI as we embark on this important partnership."

This is the first newbuild order at India's largest shipyard following its revitalization under the new management of Swan Corp Limited, the parent company of SDHI.

John Stenersen, Director – Ship Management, Rederiet Stenersen AS, said, "This is our first newbuilding contract placed with an Indian shipyard, following a comprehensive technical and commercial evaluation. Our decision reflects strong confidence in SDHI's infrastructure, engineering capabilities, and readiness to deliver specialized vessels that meet Stenersen's global standards, while remaining cost competitive."

About SDHI

Swan Defence and Heavy Industries Limited (SDHI), formerly Reliance Naval and Engineering Limited, is a leading shipbuilding and heavy fabrication company in India. The shipyard operates India's largest dry dock (662 m × 65 m) and has a fabrication capacity of 164,000 tonnes annum.

Website: www.sdhi.co.in
Press Queries: media@swan.co.in

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Swan Defence and Heavy Industries Limited Secures Chemical Tanker Order from Europe's Rederiet Stenersen AS

KUALA LUMPUR, Malaysia, Jan. 26, 2026 /PRNewswire/ -- A report from InJiangsu.

The overseas launch ceremony for the ninth edition of the "You Chenghui" International Youth Painting Exhibition was recently held at the Malaysia National Handicraft Arts Village. This event, co-organized by Jiangsu Provincial Media Group and Malaysian partners, aims to use art as a bridge to deepen cultural understanding and friendship between the youth of China and Malaysia.

The ceremony featured an exhibition of nearly 100 paintings created by young artists from both countries. Through vibrant colors and imaginative compositions, the children expressed their interpretations of each other's cultures and their shared hopes for friendship, showcasing the artistic talent and enthusiasm for cross-cultural exchange among the younger generation.

In his welcome speech, Mr. Lee Tai Hong, Deputy Director General of Tourism Malaysia, highlighted the significance of the initiative. "The 'You Chenghui' exhibition is more than an art display; it is a bridge connecting hearts and minds," he stated. "It provides a valuable platform for the youth of Malaysia and China to understand each other better and build lasting bonds, nurturing the future ambassadors of our bilateral friendship."

Mr. He Ning, Deputy Director of Jiangsu Provincial Media Group, emphasized the event's enduring mission. "Since its inception, 'You Chenghui' has been committed to bringing young people from both countries closer through artistic dialogue," he said. "We look forward to welcoming more young Malaysians to Jiangsu, where they can experience China's rich cultural heritage and modern dynamism firsthand, and together, we can write new chapters in our friendship."

The "You Chenghui" exhibition has now been successfully held for eight consecutive sessions, engaging tens of thousands of young participants from both nations and establishing itself as a key platform for people-to-people exchange. The ninth edition will continue to use painting as a creative conduit, exploring new formats for interaction and encouraging more young people to connect through artistic expression, thereby promoting transnational friendship and mutual cultural appreciation.

About the "You Chenghui" International Youth Painting Exhibition:

Initiated and promoted by Jiangsu Provincial Media Group, "You Chenghui" is an international youth cultural exchange project. Through painting exhibitions, interactive workshops, and other activities, it provides a platform for young people from different countries to showcase their talent, enhance mutual understanding, and foster grassroots friendship and cultural dialogue.

 

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Ninth "YouChenghui" International Youth Painting Exhibition Launched in Malaysia, Fostering Friendship through Creativity