Swan Defence and Heavy Industries Limited

Business

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Impact 57.2 · Consider · Confidence 75

• The section no longer mentions a November 2025 LOI with Rederiet Stenersen AS, a January 2026 contract for six chemical tankers, or any related financial figures, reducing the previously stated forward-looking tanker orders.

Replace “bulk carrier vessels since the start of commercial operations in June 2012 On 10 November 2025 the shipyard signed a Letter of Intent LoI with Norway based ship owner and operator Rederiet Stenersen AS to supply six IMO Type II chemical tankers The contract will be worth 220 million The vessels with a 18 000 deadweight tonnage capacity will be designed by Norway's Marinform AS StoGda Ship Design Engineering and classified by DNV They will be built to Ice Class 1A standards while fitted with an advanced hybrid propulsion They will feature a modular design to be converted into methanol or LPG carrier while the battery capacity can be enhanced to 5 000 kWh On 23 January 2026 the shipyard received the 227 million contract from Rederiet Stenersen AS for the six chemical tankers This is reported” with “bulk carrier vessels since the start of commercial operations in June 2012”.

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