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Reading: Swan Defence Indicators Settlement with Samsung Heavy Industries 
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StockWaves > Financial News > Swan Defence Indicators Settlement with Samsung Heavy Industries 
Financial News

Swan Defence Indicators Settlement with Samsung Heavy Industries 

StockWaves By StockWaves Last updated: September 30, 2025 4 Min Read
Swan Defence Indicators Settlement with Samsung Heavy Industries 
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September 30, 2025September 30, 2025



The corporate within the enterprise of shipbuilding and heavy fabrications, Swan Defence and Heavy Industries Ltd, on 30 September, introduced that they’ve signed a Memorandum of Understanding (MoU) with Samsung Heavy Industries. 

Samsung Heavy Industries is likely one of the world’s main shipbuilders in specialised and complicated vessels. As part of the MoU, each corporations will discover business shipbuilding and heavy engineering initiatives in each worldwide and home markets. The MoU may even cowl a broad vary of vessels that embody gasoline carriers, tankers, container ships, and different specialised ships. 

Rear Admiral Vipin Kumar Saxena (retd.), CEO, Swan Defence and Heavy Industries, stated, “We’re excited to accomplice with Samsung Heavy Industries, a world chief in shipbuilding. Our shared imaginative and prescient is to ship enhanced worth to clients and form the way forward for shipbuilding via superior applied sciences and strategic cooperation. We look ahead to exploring new alternatives and strengthening this partnership in the end.”

The MoU drives collaboration on next-generation vessel designs, inexperienced applied sciences, and digital shipbuilding practices. The companions goal to optimise mission execution via worth engineering in manufacturing design and to localise materials sourcing, slicing prices and boosting operational effectivity.

Swan Defence and Heavy Industries operates India’s largest dry dock (662m x 65m) with a capability of 400,000 DWT and an annual metal fabrication output of 144,000 T. The shipyard additionally runs a devoted offshore yard (750m x 265m) for fabricating, erecting, and loading out giant platforms, offshore constructions, and heavy engineering modules of as much as 10,000 T.

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