Swan Defence and Heavy Industries Limited has informed the Exchange regarding a press release dated November 10, 2025, titled "SDHI Signs Letter of Intent with European Ship Owner Rederiet Stenersen AS for Construction of Six 18,000 DWT Chemical Tankers".
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Swan Defence and Heavy Industries (SDHI) has signed a Letter of Intent (LoI) with Rederiet Stenersen AS, a Norway-based European ship owner, for the construction of six chemical tankers of 18,000 DWT each. Chemical tankers are specialised vessels used to transport liquid industrial chemicals, and this represents a sizable export order for the company. An LoI is a preliminary agreement indicating intent to proceed, but it is not yet a binding shipbuilding contract. The deal highlights SDHI's growing international clientele in the commercial shipbuilding segment.
Positive commercial signal for SDHI, demonstrating international demand and order pipeline strength. However, since this is only an LoI, investors should await conversion into a firm contract and details on contract value, delivery timeline, and payment terms before drawing firm conclusions on revenue impact.