Satellite communications company Speedcast has filed for bankruptcy under chapter 11 of the United States Bankruptcy Code, citing the global COVID-19 pandemic and impact this has had upon Speedcast’s cruise line customers. These dynamics made it impossible for Speedcast to complete its planned equity raise – or any recapitalisation transaction – outside of the Court-supervised chapter 11 process.
Digital Ship magazine provides the latest information about maritime satellite communications technology, software systems, navigation technology, computer networks, data management and TMSA. It is published ten times a year.
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