SDHI Secures India’s First Ammonia Dual-Fuel Bulk Carrier Order
In a landmark development for India’s green shipbuilding ambitions, Swan Defence and Heavy Industries Limited (SDHI) has secured a Category 4 order from Energy ONE Limited for the construction of four (4) 92,500 DWT dual-fuel ammonia bulk carriers, marking a first for the country.
These will be the first ammonia dual-fuel ships built in India and are also among the largest commercial vessels ever to be built at an Indian shipyard, representing a step forward in both technological capability and scale for the domestic shipbuilding industry.
Measuring 229.5m in length with a beam of 37m, each of the dual-fuel vessels will be equipped with ammonia-fueled propulsion system. The vessels will be designed by KMS-EMEC, South Korea and classed by Det Norske Veritas (DNV).
The first vessel is expected to be delivered in October 2029, with subsequent deliveries scheduled at four-month intervals.
Energy ONE Limited is a General Partner for New Energy One (NEO), an investment fund registered in Jersey Channel Islands. NEO is committed to investing in new building green assets. With a total capital investment program of $2 billion in zero emission ships, NEO is enabling industrial end users/producers of commodities reduce their greenhouse gas (GHG) emissions. NEO has executed an MoU with Sagarmala Finance Corp Ltd (SMFCL) for the Maritime Development Fund (MDF) to co-invest in green shipping projects.
*Reference for order classification:
Order Classification | |||||
Classification | Category 1 | Category 2 | Category 3 | Category 4 | Category 5 |
Order Value in Rs. Crore | 0 to 250 | 251 to 750 | 751 to 1500 | 1501 to 3000 | Above 3000 |
