Swan Defence signs pact with Samsung Heavy Industries for global shipbuilding push

Swan Defence signed an MoU with Samsung Heavy Industries to develop ships and heavy engineering projects, covering tankers, gas carriers, and advanced ships.

Cochin Shipyard & Maersk MoU, Swan Defence and Samsung Heavy Industries 

Swan Defence and Samsung Heavy Industries: Swan Defence and Heavy Industries Limited, also called SDHI, announced on September 30 that it has signed a big Memorandum of Understanding with Samsung Heavy Industries. Samsung is known across the world as one of the top builders of complex and advanced ships. This new partnership will allow both companies to work together on shipbuilding and heavy engineering projects in India and also outside the country.

The agreement covers a wide area of work. Both companies will now explore the building of tankers, gas carriers, container ships, and even very special vessels that need advanced design. They will not only focus on regular ships but also on creating new methods for digital shipbuilding and green technology. The goal for them is to cut costs finish projects faster, and also make shipbuilding more modern and sustainable.

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Rear Admiral Vipin Kumar Saxena (retd.), who is the CEO of Swan Defence and Heavy Industries, shared his thoughts on the partnership.

According to CNBC TV18, he said, “We are excited to partner with Samsung Heavy Industries, a global leader in shipbuilding. Our shared vision is to deliver enhanced value to customers and shape the future of shipbuilding through advanced technologies and strategic cooperation. We look forward to exploring new opportunities and strengthening this partnership in due course.”

Big Facilities

Swan Defence already has some of the largest facilities in India for shipbuilding. The company owns the biggest dry dock in the country, measuring 662 meters by 65 meters, with a carrying capacity of 400,000 DWT.

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It also has an annual steel fabrication capacity of 144,000 tons, which makes it very powerful in handling large and heavy projects. Along with that, the shipyard has a separate offshore yard that measures 750 meters by 265 meters. This space is built to handle heavy engineering modules, offshore platforms, and structures up to 10,000 tons.