Speedcast has received a US$395 million equity commitment from Centerbridge Partners, L.P. and its affiliates to support a plan of reorganisation, which has the support of both Centerbridge and the Company’s Official Committee of Unsecured Creditors.
Speedcast International has signed a new multi-year contract with Intelsat to leverage the reach and reliability of Intelsat’s global connectivity infrastructure service offerings.
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.
Iridium Communications has announced the first seven companies it has authorised to provide its Global Maritime Distress and Safety System (GMDSS) services, planned for commercial introduction in the first half of 2020.
Color Line has signed a multi-year, fully managed communications contract with Speedcast for its Color Carrier vessel.
Speedcast has signed a multi-year agreement with SK Offshore & Marine (SKOM), the chartering division of large Malaysian offshore support vessel (OSV) provider Nam Cheong, to deliver Ku-band VSAT services for 17 SKOM vessels.
A new era of vessel operations requires relationships that generate value from end to end, writes Tim Bailey, EVP of Product, Marketing and Business Development, Speedcast
Digitalisation is having a profound impact on how shipowners and managers run their business and what they want from their technology partners. Perhaps the most important factor in designing a digital strategy is developing a clear understanding of your business goals.
Speedcast International has signed a partnership agreement with India’s VSAT service provider Nelco, a Tata Enterprise, to offer seamless global communications while at sea in Indian waters.
Speedcast has announced that it is to offer Intellian's tri-band and multi-orbit v240MT antenna to its cruise and energy customers.
Speedcast reports that it has signed a new contract to expand its existing relationship with Carnival Corporation for the provision of communications and value-added services across Carnival’s global fleet of cruise ships.
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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