Core Insights - Evergreen Marine has upgraded its fleet to Inmarsat's NexusWave bonded connectivity solution, enhancing crew experience and accelerating digitalisation [1][2][3] Group 1: Company Developments - Evergreen Marine is the first Taiwanese operator to implement the NexusWave solution, reinforcing its long-standing partnership with Inmarsat Maritime [1] - The upgrade to NexusWave introduces bonded, multi-network connectivity, providing fast speed, unlimited data, and always-on performance for crew and operations [2] - The solution is designed to enhance crew welfare, strengthen cybersecurity, and support operational excellence [3] Group 2: Technological Advancements - NexusWave leverages the ViaSat-3 ultra-high-capacity network, enabling scalable platforms for predictive analytics and real-time monitoring across the fleet [2] - The solution is secure-by-design and engineered to scale with demand, aligning with Evergreen's growth plans [2][3] - The transition to NexusWave is part of Evergreen's 'Evergreen IT' modernisation programme, aimed at continuous innovation for customers [1][3]

Core Insights - Inmarsat Maritime, a subsidiary of Viasat, has partnered with Mitsui O.S.K. Lines to upgrade its fleet communication system to the NexusWave solution, enhancing operational efficiency and crew connectivity [1][3][7] - The NexusWave service integrates multiple connectivity solutions, providing seamless, high-speed Internet access globally, which is crucial for modern maritime operations [2][4] - The upgrade aims to transform vessels into operational command centers and living spaces, supporting crew welfare and operational needs [3][4] Company Developments - The NexusWave service features a fully managed bonded connectivity service that combines Inmarsat's Global Xpress Ka-band, low-Earth orbit satellite services, and coastal LTE networks, ensuring high reliability and speed [2][5] - Real-world trials of NexusWave have shown download speeds of 330–340 Mbps and upload speeds of 70–80 Mbps, with network availability exceeding 99.9% [5] - The upcoming integration of the ViaSat-3 Ka-band service, expected to launch in 2025, will further enhance NexusWave's capacity and speed [6] Market Context - The collaboration with MOL reflects the growing demand for advanced bonded connectivity systems in the maritime industry, simplifying fleet management and enhancing service reliability [7] - Viasat's stock has experienced a decline of 31.9% over the past year, contrasting with the industry's growth of 41.1% [8]