Inmarsat to Purchase Additional Satellite from Boeing

MarineLink.com
Monday, October 07, 2013

Inmarsat, a provider of global mobile satellite communications services, said it has triggered an option to purchase a fourth Inmarsat-5 satellite under its existing contract with Boeing Satellite Systems International, Inc. The program schedule from Boeing has a satellite delivery date of mid-2016.

The fourth Inmarsat-5 satellite will have a dual strategic role. Initially the satellite will serve to provide an early available spare in the unlikely event of a launch failure of any of the first three Inmarsat-5 satellites. As a result, Inmarsat will be able to achieve global service launch for Global Xpress (GX) more rapidly than if a replacement satellite were only commissioned following a launch failure. Where customer commitments and demand for GX requires a global network to be in place, the fourth satellite will therefore insure the global network delivery date and this measure of redundancy is expected to encourage further commitments to GX.

In the event the satellite is not required as a launch spare, Inmarsat is developing an incremental business case to support the launch of the fourth satellite to increase capacity and strategically enhance network coverage.

Rupert Pearce, Inmarsat’s Chief Executive Officer, said, “We have signed multiple presale agreements and received significant expressions of interest, some of which are tied to the completion of global coverage with three satellites. This has encouraged us to not only move to a strategy to physically insure our global service date with a fourth satellite, but also to consider incremental opportunities that have emerged and could drive enhanced returns via the launch of a fourth satellite.

He added, “Our decision announced today reflects the fact that we are already close to incremental opportunities that could justify a fourth satellite, but our highest priority is our coming launch campaign, and we will take time to develop these plans in the coming year.”

Boeing will immediately begin construction of the fourth Inmarsat-5 satellite. The total cost of the option and certain related expenditure will be between $220-250 million. In the event the fourth satellite is required as a spare, the impact on total capital expenditure over the period to 2016 will be broadly neutral as the insurance proceeds from any loss would be expected to cover the construction, launch and insurance costs for the fourth satellite.

Inmarsat said GX will be the first globally available high-speed broadband network. It will offer the unique combination of global coverage from a single operator, consistent higher performance of up to 50Mbps. Based on Ka-band technology, GX will consistently deliver higher performance through more compact terminals at a lower cost than existing VSAT services, making it accessible to many more users.

inmarsat.com
 

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

K-Line Executive Pleads Guilty to Price Fixing

An executive of Japan-based Kawasaki Kisen Kaisha Ltd. (K-Line) was sentenced to 18 months in a U.S. prison after pleading guilty to his involvement in a conspiracy to fix prices,

CSIC, CSSC Dismiss Shipbuilder Merger Rumors

China's state-backed shipbuilding giants said they have not received any merger-related information from authorities, after an executive swap between the firms sparked a market rally in their shares.

Russia Names Nominee for IMO Secretary General

Russia has for the first time put forward a candidate to compete for the post of IMO Secretary General   The Russian Federation has nominated Vitaly Klyuev, Russia’s

News

CSIC, CSSC Dismiss Shipbuilder Merger Rumors

China's state-backed shipbuilding giants said they have not received any merger-related information from authorities, after an executive swap between the firms sparked a market rally in their shares.

Russia Names Nominee for IMO Secretary General

Russia has for the first time put forward a candidate to compete for the post of IMO Secretary General   The Russian Federation has nominated Vitaly Klyuev, Russia’s

Asia-Europe Box Rates Fall Almost 6 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 5.5 percent to $586 per 20-foot container (TEU) in the week ended on Friday,

Electronics

BMT’s REMBRANDT-INLAND Simulation Tool

Brown Water Training and Collision Reconstruction Taken to a New Level When a new or expanded port is planned on an inland waterway, how do you assure the civil

Affordable SATCOM for Workboat Applications

SATCOM edges closer to providing standardized services to the workboat sector. It’s affordable now and someday soon, you won’t be able to afford to be without it.

Using AIS Data to Assess Collision Risks

Automatic Identification System (AIS) data is now being used to determine the collision risk for offshore installations. MARIN helps oil companies with risk assessments

Communication

Affordable SATCOM for Workboat Applications

SATCOM edges closer to providing standardized services to the workboat sector. It’s affordable now and someday soon, you won’t be able to afford to be without it.

Salvage, Wreck Removal Beset with Chronic Problems

The basic nature of maritime casualties, salvage and wreck removal has evolved rapidly over the last few years. Ships and offshore constructions have become more technologically elaborate,

JIT Transit Slots Reduced at Panama Canal

The Panama Canal has experienced an unusual increase in the number of vessels awaiting transit during the past few weeks. Several measures have been implemented to reduce the backlog,

SatCom

Affordable SATCOM for Workboat Applications

SATCOM edges closer to providing standardized services to the workboat sector. It’s affordable now and someday soon, you won’t be able to afford to be without it.

Broadband Bandwidth Battles

As Satellite providers battle for market share, the onboard struggle to efficiently maximize bandwidth allocation is also being solved.   The requirement to monitoring

Answering the Call

There’s a digital disconnect offshore. The communication standards we take for granted on land are cut adrift at sea; hampering data transfer for businesses, while

 
 
Maritime Contracts Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3934 sec (3 req/sec)