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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Orange    ORA   FR0000133308

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Orange : Topaz Energy & Marine Seamlessly Integrates Its Ships and Onshore Operations with Maritime Connect Solution from Orange

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09/28/2017 | 08:53pm CEST

By a News Reporter-Staff News Editor at Energy Weekly News -- Dubai-based Topaz Energy and Marine has signed an agreement with Orange Business Services for a Maritime Connect solution that connects its fleet at sea and supports the corporate network. Topaz is a leading offshore support vessel company for the global energy industry. The Orange integrated communications platform increases the efficiency of the fleet, lowers cost and improves the onboard experience for crew.

The Orange Maritime Connect platform incorporates multiple connections including VSAT, L-Band terminals, 3G/4G and Wi-Fi. It routes traffic depending on the availability of the link and with the appropriate quality of service. This allows Topaz to integrate its fleet into the corporate network as "offices at sea" and rollout business-critical applications.

A key application for Topaz is fleet management, which manages ships at sea and provides invaluable business intelligence. This includes dashboards that can detect vessels deviating from the average standard in terms of fuel consumption, speed or maintenance issues, for example.

Maritime Connect also delivers innovative maritime bandwidth management and optimization features. It manages voice, video and data in limited bandwidth and challenging weather conditions and prevents cyberattacks thanks to an integrated suite of security features.

Orange is uniquely able to support maritime digital transformation by combining many different technologies and networks - both onshore and offshore - with end-to-end integration and in-house satellite connectivity. Shipping companies, IT managers, captains and the crew can control access to data and voice services on board vessels or remotely from the shore.

Luc Serviant, vice president, Middle East and Africa at Orange Business Services, commented: "Today Orange is working across all sectors to help enterprises to respond to the demands of digital transformation. Historically in the maritime sector, limited connectivity and the need for multiple communications providers has meant the exclusion of fleets from the centralized business processes, ultimately resulting in reduced productivity. With Maritime Connect, Topaz can integrate its ships with the shore and is able to transform them into branch offices at sea."

Rene Kofod-Olsen, Chief Executive Officer, Topaz commented: "The maritime industry is undergoing its own digital transformation, from digital ports to vessel management. We operate in a unique context spanning ship to shore operations, with the majority of our people based offshore. By enhancing the communications capabilities of our vessels, we are able to synchronize and manage our integrated business operations more effectively and ensure our crew can easily access the internet for all their business communication needs, as well as connecting them to family and friends and transforming the onboard experience."

About Topaz Energy and MarineTopaz Energy and Marine is a leading offshore support vessel company providing marine solutions to the global energy industry with primary focus on the Caspian, Middle East, West Africa and Subsea operations. Headquartered in Dubai, Topaz operates a fleet of about 100 offshore support vessels of an average age of 8 years. Topaz is a subsidiary of Renaissance Services SAOG, a publicly traded company on the Muscat Securities Market, Oman.

Keywords for this news article include: Oil & Gas, Energy Industry, Orange Business Services.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2017, NewsRx LLC

(c) 2017 NewsRx LLC, source Science Newsletters

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Financials (€)
Sales 2017 41 140 M
EBIT 2017 5 735 M
Net income 2017 2 663 M
Debt 2017 25 442 M
Yield 2017 4,79%
P/E ratio 2017 14,45
P/E ratio 2018 12,84
EV / Sales 2017 1,51x
EV / Sales 2018 1,49x
Capitalization 36 695 M
Duration : Period :
Orange Technical Analysis Chart | ORA | FR0000133308 | 4-Traders
Technical analysis trends ORANGE
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 16,6 €
Spread / Average Target 21%
EPS Revisions
Stéphane Richard Chairman & Chief Executive Officer
Ramón Fernández CFO, Deputy CEO-Finance & Strategy
Mari-Noëlle Jégo-Laveissière SEVP-Innovation, Marketing & Technology
Charles-Henri Filippi Lead Independent Director
Helle Kristoffersen Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
ORANGE-4.43%43 288
TELEFONICA4.35%54 813