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SBM Offshore adds two more Fast4Ward hulls at Chinese yards

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SBM Offshore has signed contracts for the construction of the company’s fourth and fifth Fast4Ward new build multi-purpose hulls with two Chinese shipyards, Shanghai Waigaoqiao Shipbuilding and China Merchants Industry Holdings.

Both yards are progressing the construction of SBM Offshore’s first three hulls which are already allocated to projects. Waigaoqiao bagged the contract for the construction of the first and the third hulls while China Merchants Industry signed for the second one.

Bruno Chabas, ceo of SBM Offshore, commented: “We continue to have good visibility on new awards from active client engagements. This has given the company the comfort to accelerate the program and commit to two additional Fast4Ward hulls. The company is currently constructing five hulls simultaneously, a fact which underscores the fundamentals of our market and SBM Offshore’s competitive position.”

Fast4Ward is SBM Offshore’s programme aimed to standardize the FPSO construction and delivery process, and to reduce cost and speed up the time to the market by up to 12 months.

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