Shipbuilding and Design Holdings India (SDHI) has announced the signing of a Letter of Intent (LoI) with an undisclosed partner to construct IMO Type II hybrid chemical tankers worth approximately $220 million. The agreement also includes an option for six additional vessels under the same class, signaling a major boost for India’s growing shipbuilding sector.
Advanced Design and Eco-Friendly Propulsion
The chemical tankers will be designed by Norwegian firm Marinform AS and classed by DNV, one of the world’s leading classification societies. Construction will take place at SDHI’s Pipavav shipyard in Gujarat. Each vessel will meet Ice Class 1A standards and feature an advanced hybrid propulsion system designed to enhance maneuverability and reduce emissions. Importantly, the ships are being built with future adaptability in mind capable of conversion to operate on cleaner fuels such as methanol or liquefied natural gas (LNG).
Supporting IMO 2039 Environmental Goals
The vessels are expected to significantly contribute to the global maritime industry’s decarbonization targets. If powered by LNG, they could achieve up to a 23% reduction in greenhouse gas (GHG) emissions while complying with International Maritime Organization (IMO) environmental standards through at least 2039. Conversion to methanol would further reduce pollutants such as nitrogen oxides (NOx) and sulfur oxides (SOx), helping to nearly eliminate harmful emissions and promote sustainable operations across shipping routes.
The $220 million hybrid tanker project marks a significant step toward sustainable shipbuilding in India. By integrating hybrid propulsion and future-ready fuel options, SDHI and its partners are positioning themselves at the forefront of maritime innovation, aligning with global efforts to achieve cleaner, more efficient, and environmentally responsible shipping.
Did you subscribe to our daily Newsletter?
It’s Free Click here to Subscribe!
Source: OFFSHORE ENERGY
