Inmarsat has published its Q1 2018 financial results, showing a small increase in maritime revenues as its installed base of Fleet Xpress customers continues to grow.
Rolls-Royce has announced that it intends to conduct a “strategic review” of its commercial marine business, which could see these operations sold off as it looks to narrow its focus and concentrate on the aerospace, defence and power systems markets.
Shipping giant Maersk has posted its Q2 financial results for 2017, showing a strong 8.4 per cent growth in revenues – however, the company has noted that the unexpected costs of the ‘NotPetya’ cyber-attack it suffered at the end of June will impact negatively on next quarter’s results and could run up to US$300 million.
Inmarsat has reported its financial results for the first half of 2017, with maritime revenue for the six months down by 3.9 per cent to $278.4 million compared with the same period last year, as customers move from FleetBroadband on to VSAT services.
Maritime satcom antenna manufacturer Intellian has begun an initial public offering of shares in the company on the KOSDAQ exchange in its home country of Korea, valuing the firm at $124 million.
Inmarsat has released its third quarter 2015 financials, reporting a small gain in maritime revenues of 1.8 per cent compared with the same period last year.
Iridium Communications has reported third-quarter 2015 total revenues of $106 million, made up of $81.2 million of service revenue and $24.8 million from equipment, engineering and support, a one per cent decline versus the comparable period in 2014.
Intelsat has reported its Q3 2015 results, showing revenues of $580.8 million, down from the $608.6 million recorded for the same period last year, but a net income of $78 million that was approximately $10 million higher than in 2014.
SpeedCast has announced its half year 2015 results through to the end of June, reporting 38 per cent growth in its maritime business year-on-year.
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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