Swan Defence Set to Secure India’s First Oil Tanker Order in 25 Years.

Strategic partnership with South Korea’s Samsung Heavy Industries strengthens India’s domestic shipbuilding ambitions.

Swan Defence and Heavy Industries (SDHI) is poised to secure India’s first oil tanker order in 25 years, marking a significant development for the country’s shipbuilding industry. The company quoted approximately $48.9 million per vessel when price bids were opened on Friday. SDHI has a technical collaboration with Samsung Heavy Industries Co. Ltd., one of South Korea’s leading shipbuilders, which could support the company in strengthening its capabilities and delivering complex commercial vessels. The potential order highlights India’s growing focus on expanding domestic shipbuilding capacity and reducing dependence on foreign shipyards. It could also create opportunities for local manufacturers, suppliers and maritime engineering companies. The development comes amid increasing efforts to strengthen the country’s maritime infrastructure and promote indigenous industrial capabilities. If finalised, the tanker order would represent an important milestone for SDHI and reinforce India’s ambitions to emerge as a stronger player in global shipbuilding. The contract’s final award and execution will be key milestones to watch.