Speedcast International Ltd (ASX: SDA) share price fell 40% on 2nd July, wiping $340m off its value. The market reacted to an announcement the company made earlier on Tuesday morning, in which the firm downgraded its revenue expectations for 2019. Speedcast confirmed full year earnings were expected to be in the range of $200m to…
As shipping communication capabilities continue to improve, are we at greater risk of a maritime cyber-attack? In a recent article, Maritime Digitalization and Communications – a magazine that publishes industry-wide news concerning maritime – presented a brief outline of major technologies that would transform the industry in 2019. From significant increases in IoT technology to…
On 7th of March 2019, Inmarsat PLC announced its unaudited financial results for the year ended 31 December 2018, resulting in its share price rising from £399 to £453 over a four-day period post announcement, equating to 13.5 per cent increased, on the perception of this “excellent” performance. Inmarsat has exceeded expectations in both revenue…
Foreshadowing Valour Consultancy’s report entitled “A Deep Dive Insight into Maritime Energy”, this is a snapshot of a lesser publicised source of energy that is about to be exploited. So, what are the pros and cons of maritime energy? The largest reservoir of untapped hydrocarbon energy in the world is not in some Sheikh’s back…
In October 2018, Valour Consultancy will publish a long-awaited update to its maritime connectivity report. For those that simply cannot wait to get a hold of this information, we thought we’d share a sneak peek of our just-realised preliminary data… Our statistics show that the global maritime connectivity market will continue to grow strongly in…
When Nautilus International – a global trade union and professional association for seafarers and other crew in the maritime industry – carried out their 2017 investigation into connectivity at sea, major attention was given to the quality of connectivity that crew have onboard. In an era where connectivity is no longer an expectation but a…
The shipping sector has an unprecedented history rooted in the minds of our civilisation. However, the last few decades splashed very little evolution to say the least. Meanwhile, the impact of rising freight rates and fluctuating bunker fuel prices are tossing edgy rocks on the shipping sector. In fact, bunker fuel prices are critical obstacles…
Maritime communications have evolved at a phenomenal rate ever since broadband connectivity made a successful impact in the way people communicate with everyone at work. Since SatCom service providers offer new connectivity packages that allow for higher digital data exchange capacities, new broadband solutions for crew onboard are also emerging with different allocations of data…
In early July 2017, South Korean shipbuilder Hyundai Heavy Industries (HHI) announced the debut of their proprietary Information and Communications Technology (ICT) system to accelerate internal communications and navigation efficiencies. Its goal is to capitalise on economic opportunities, sophisticated access to modern navigation technologies, and vessel management and engineering. Far from a commitment to efficiency…
There is a good assumption that effective communications are the main source of success for any business entity to survive, prosper, and grow. In fact, the importance of communications has been brought up as an essential tool in achieving productivity and maintaining strong working relationships in any business sector. With the advent of globalisation, digitalisation,…
[As the shipping industry keeps moving slowly to new forms of technology and digital innovations, criminality has started to make a huge impact on the ocean supply chain. On June 27th, A.P. Moller-Maersk fell victim to a coordinated international cyber-attack, which affected several of its businesses across the world, causing the shutdown of IT systems…
In the midst of global communications and sea-to-land connectivity developments, the government sector is inevitably striving to enhance major defence and communication technologies with key, fully trusted providers of satellite communications and IT experts. Though fewer stories can be disclosed as a form of authentic exemplification on this matter, the formal partnership between Speedcast and…