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SBM announced in August 2017 that it was moving forward with its Fast4Ward project on speculation, with a contract for its first newbuild, multipurpose hull with China Shipbuilding Trading Company, Ltd. (CSTC) and the SWS shipyard. First steel was cut for this hull in March 2018.
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SBM Group is a diversified financial services provider and the second largest company listed on the Stock Exchange of Mauritius, serving local and international clients.
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