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INMARSAT (ISAT)

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Inmarsat : and MarineFields collaborate on improving port call process

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06/08/2017 | 09:50am CEST

Inmarsat and MarineFields collaborate on improving port call process

8 June 2017: Inmarsat and digital services developer MarineFields have signed an MOU to partner in investigating how sea traffic management and satellite connectivity can make port calls more efficient.

The joint effort will be focused on providing a marketplace for port call optimisation services resulting in just-in-time operations and shortened turn-around times through improved information sharing, situational awareness, optimised processes, and collaborative decision making.

MarineFields' Perseus PortCDM platform will connect the various stakeholders involved in sea transport, including vessels, shipping companies, ports, terminals, and hinterland operators.

Innovative services

The aim of the project will be to focus on enhanced standardised data sharing, and enable third party providers to bring new and innovative services to key stakeholders in the maritime industry.

'We hope that this will develop into a long-term, fruitful cooperation,' said Socrates Theodossiou, Managing Director, MarineFields Holding Ltd. 'The main objective of this partnership is to make informed collaborative decisions by shared information while at the same time providing all stakeholders in the port call process the opportunity to develop innovative services and applications.'

Perseus PortCDM will utilise the Inmarsat satellite network infrastructure, specifically Fleet Xpress, which now has over 10,000 committed vessels, and FleetBroadband, with around 40,000 active terminals on vessels across the world.

Ronald Spithout, President of Inmarsat Maritime, said: 'Fleet Xpress has been purposely designed to empower third party application providers to enhance existing services to all companies in the maritime industry, and MarineFields' Perseus PortCDM will help improve the inefficiencies in the entire port call process through the power of Inmarsat's satellite connectivity.'

Inmarsat plc published this content on 08 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 08 June 2017 07:50:23 UTC.

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EBIT 2017 368 M
Net income 2017 201 M
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EV / Sales 2017 4,58x
EV / Sales 2018 4,30x
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Average target price 10,7 $
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Rupert Edward Pearce Chief Executive Officer & Executive Director
Andrew John Sukawaty Non-Executive Chairman
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