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KVH future growth will be driven from 40,000-50,000 older vessels in need of upgrades

In an interview with Hellenic Shipping News Worldwide (www.hellenicshippingnews.com), Michael J. Mitsock, Vice President of Marketing with KVH Industries, noted that a large number of older vessels up to 15 years old, estimated at 40,000-50,000 globally, are currently running outdated systems, in an era when most owners are looking to the cost optimization solutions that the latest high bandwidth technologies like VSAT can provide.
Looking ahead, the company will be exploring options to make use of bandwidth to help shipowners optimise their operations, said Mr. Mitsock said. Some recently announced initiatives include providing AWT’s weather data updates for free as part of its IPMobilecast service.

Source: Hellenic Shipping News Worldwide

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