Indian Shipbuilding SDHI Secures Order for Ammonia-Fueled Vessels, Marking Green Shipbuilding Milestone
Swan Defence and Heavy Industries (SDHI), formerly known as Reliance Naval and Engineering, has secured a significant order for four ammonia dual-fuel ships, marking a milestone in India's shipbuilding industry. The order, valued between $160 and $321 million, is for 92,500 dwt bulk carriers designed by KMS-EMEC of South Korea and classified by DNV. These vessels, measuring 229 meters in length, will be built for Energy ONE, a partner of New Energy ONE, an investment fund based in the Jersey Channel Islands. The first ship is expected to be delivered in October 2029, with subsequent deliveries at four-month intervals. This development is part of SDHI's efforts to revitalize its operations after financial difficulties and underscores India's ambitions to become a leader in green shipbuilding. 
