01 Dec 2020byMartyn Wingrove
Castor Marine has stepped in to save SeaVsat, which provides satellite internet access to offshore vessels and rigs, through an acquisition from administrators
Netherlands-headquartered SeaVsat was declared bankrupt on 23 November, leaving customers at sea in uncertainty about their connectivity and voice communications.
This comes as other satellite communications service providers, most notably Speedcast International, have struggled with debt and coronavirus pandemic-induced issues.
With the SeaVsat acquisition comes continuity of the internet and data services to vessel and rig owners. It also secures communication…
Read the full article at: https://www.rivieramm.com/news-content-hub/osv-satcoms-secured-by-acquisition-out-of-bankruptcy-62123
