Swan Defence and Heavy Industries Limited (SDHI) will complete five offshore support vessels (OSVs) for Kakinada-based San Maritime India at its Pipavav shipyard on India’s west coast.
The vessels, originally part of a 12-ship order for ONGC, remained unfinished after the yard’s earlier collapse.
San Maritime has already begun docking the vessels at SDHI’s Pipavav yard. The ships will be completed under Indian Register of Shipping (IR Class) standards and are expected to serve growing offshore industry demand.
The five OSVs were originally commissioned under a 12-vessel order placed by ONGC when the yard operated as Reliance Naval and Engineering Limited (RNEL) under Anil Ambani’s leadership.
Seven vessels were delivered. The remaining five were left incomplete after the shipyard entered financial distress and proceedings under India’s National Company Law Tribunal (NCLT).
As part of the bankruptcy resolution process, SDHI acquired the hulls through its takeover plan for RNEL. The unfinished vessels were later sold to San Maritime
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