Evergreen Marine upgrades to Inmarsat's NexusWave for enhanced vessel connectivity, crew welfare, and operational efficiency.
Quiver AI Summary
Evergreen Marine has become the first Taiwanese shipping company to implement Inmarsat Maritime's NexusWave bonded connectivity solution, enhancing its fleet as part of its 'Evergreen IT' modernization program. This upgrade, following successful trials, aims to improve crew welfare, bolster cybersecurity, and provide robust connectivity for vessels and crew members. The NexusWave solution offers features such as fast speeds, unlimited data, and reliable performance, ensuring a home-like internet experience for crew while enabling advanced ship operations through integrated IoT and analytics. Evergreen’s leadership believes this scalable and secure connectivity solution will support the company's digitalization and growth objectives in the maritime sector.
Potential Positives
- Evergreen Marine is the first Taiwanese operator to upgrade to the NexusWave bonded connectivity solution, showcasing innovation and leadership in the maritime industry.
- The upgrade to NexusWave will enhance crew welfare with improved connectivity, positively impacting employee satisfaction and operational efficiency.
- This transition strengthens Evergreen Marine's commitment to cybersecurity and operational excellence, aligning with modern data-driven shipping standards.
- The use of the ViaSat-3 ultra-high-capacity network positions Evergreen Marine for future growth and scalability, supporting their long-term strategic goals.
Potential Negatives
- Potential vulnerabilities in new technology deployment, as indicated by the mention of risks associated with the integration of the ViaSat-3 Ka-band network and possible operational issues with satellite performance.
- Reliance on third-party capacity and services poses risk, with the press release noting concerns that actual results may differ materially due to external dependencies.
- The mention of forward-looking statements raises uncertainty about the timing and success of implementing the NexusWave solution and achieving projected benefits.
FAQ
What is the NexusWave connectivity solution?
NexusWave is a bonded, multi-network connectivity solution from Inmarsat Maritime designed to enhance maritime communications and crew welfare.
Why did Evergreen Marine upgrade to NexusWave?
Evergreen Marine upgraded to NexusWave to improve crew welfare, strengthen cybersecurity, and enhance operational performance across its fleet.
How does NexusWave improve seafarer internet experience?
NexusWave provides a home-like internet experience for seafarers with fast speeds, unlimited data, and reliable connectivity onboard vessels.
What are the benefits of NexusWave for ship operations?
The solution offers scalable platforms for predictive analytics, real-time monitoring, and integrated IoT to improve overall ship operations.
How does this transition benefit Evergreen Marine's growth plans?
The NexusWave solution is secure, scalable, and designed to support Evergreen Marine’s future digitalization and growth initiatives effectively.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$VSAT Insider Trading Activity
$VSAT insiders have traded $VSAT stock on the open market 14 times in the past 6 months. Of those trades, 0 have been purchases and 14 have been sales.
Here’s a breakdown of recent trading of $VSAT stock by insiders over the last 6 months:
- MARK D DANKBERG (Chairman and CEO) has made 0 purchases and 3 sales selling 200,000 shares for an estimated $7,018,433.
- SHAWN LYNN DUFFY (SVP, Chief Accounting Officer) has made 0 purchases and 3 sales selling 101,480 shares for an estimated $3,516,972.
- RICHARD A BALDRIDGE sold 100,000 shares for an estimated $3,099,900
- GARRETT L. CHASE (SVP, Chief Financial Officer) has made 0 purchases and 5 sales selling 50,000 shares for an estimated $1,705,886.
- BENJAMIN EDWARD PALMER (President, Maritime) sold 2,780 shares for an estimated $100,260
- ROBERT JAMES BLAIR (SVP, General Counsel) sold 2,269 shares for an estimated $80,792
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$VSAT Revenue
$VSAT had revenues of $1.1B in Q2 2026. This is an increase of 1.66% from the same period in the prior year.
You can track VSAT financials on Quiver Quantitative's VSAT stock page.
$VSAT Congressional Stock Trading
Members of Congress have traded $VSAT stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $VSAT stock by members of Congress over the last 6 months:
- REPRESENTATIVE DEBBIE WASSERMAN SCHULTZ sold up to $15,000 on 07/18.
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$VSAT Hedge Fund Activity
We have seen 182 institutional investors add shares of $VSAT stock to their portfolio, and 126 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BAUPOST GROUP LLC/MA removed 9,190,728 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $269,288,330
- BLACKROCK, INC. added 5,071,706 shares (+34.6%) to their portfolio in Q3 2025, for an estimated $148,600,985
- CARRONADE CAPITAL MANAGEMENT, LP added 2,572,692 shares (+inf%) to their portfolio in Q3 2025, for an estimated $75,379,875
- FULLER & THALER ASSET MANAGEMENT, INC. added 2,492,626 shares (+inf%) to their portfolio in Q3 2025, for an estimated $73,033,941
- MILLENNIUM MANAGEMENT LLC removed 2,126,633 shares (-96.4%) from their portfolio in Q3 2025, for an estimated $62,310,346
- POINT72 ASSET MANAGEMENT, L.P. removed 1,991,809 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $58,360,003
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$VSAT Analyst Ratings
Wall Street analysts have issued reports on $VSAT in the last several months. We have seen 2 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- Barclays issued a "Underweight" rating on 10/01/2025
- Needham issued a "Buy" rating on 08/06/2025
- William Blair issued a "Outperform" rating on 08/04/2025
To track analyst ratings and price targets for $VSAT, check out Quiver Quantitative's $VSAT forecast page.
$VSAT Price Targets
Multiple analysts have issued price targets for $VSAT recently. We have seen 3 analysts offer price targets for $VSAT in the last 6 months, with a median target of $45.0.
Here are some recent targets:
- Philip Cusick from JP Morgan set a target price of $50.0 on 11/11/2025
- Ryan Koontz from Needham set a target price of $45.0 on 11/11/2025
- Mathieu Robilliard from Barclays set a target price of $23.0 on 10/01/2025
Full Release
LONDON, Jan. 06, 2026 (GLOBE NEWSWIRE) -- Evergreen Marine, one of the world’s leading container shipping companies, has become the first Taiwanese operator to upgrade its fleet to NexusWave bonded connectivity solution from Inmarsat Maritime, a Viasat (NASDAQ: VSAT) company. The commitment reinforces a long-standing partnership and accelerates the company’s ‘Evergreen IT’ modernisation programme. Following successful trials, Evergreen is transitioning to NexusWave to enhance crew welfare, strengthen cybersecurity, and provide seamless, high-performance connectivity for its vessels and seafarers.
Building on Evergreen’s years of experience with Fleet Xpress, the upgrade to NexusWave introduces bonded, multi-network connectivity with fast speed, unlimited data and always-on performance. The crew will experience a home-like internet experience, while ship operations benefit from a scalable platform for predictive analytics, real-time reefer monitoring, and fully integrated IoT across the fleet. The solution is secure-by-design and engineered to scale with demand, leveraging the ViaSat-3 ultra-high-capacity network to support Evergreen’s growth plans.
Evergreen Marine said: “Evergreen’s fleetwide adoption of Inmarsat NexusWave reflects our commitment to the welfare of our seafarers and operational excellence, while also providing the platform to continue innovating for customers. We are confident that NexusWave, as a bonded, scalable, and secure connectivity solution, will support the digitalisation and future growth of our fleet.”
Gert-Jan Panken, Vice President Maritime, Viasat, commented: “Evergreen is setting a clear standard for modern, data-driven shipping. By moving to NexusWave fleetwide, the company gains a single, managed connectivity solution for crew and vessel operations, backed by global coverage and secure infrastructure. We are proud to deepen our partnership and provide a platform that scales with Evergreen’s ambitions today and well into the future.”
Inmarsat Maritime Contacts
Lidia Selivanova, VP Marketing & Comms, Inmarsat Maritime,
[email protected]
Debbi Bonner, Managing Director, JLA Communication,
[email protected]
About Inmarsat Maritime
Inmarsat is a Viasat company and continues to power the digitalisation of the
maritime industry
. With over 40 years of experience, Inmarsat Maritime offers reliable and innovative solutions that enable ship owners and operators to stay connected, navigate safely, enhance operational efficiency, and ensure crew welfare.
Viasat is a global communications company that believes everyone and everything in the world can be connected. With offices in 24 countries around the world, our mission shapes how consumers, businesses, governments and militaries around the world communicate and connect. Viasat is developing the ultimate global communications network to power high-quality, reliable, secure, affordable, fast connections to positively impact people’s lives anywhere they are - on the ground, in the air or at sea, while building a sustainable future in space. In May 2023, Viasat completed its acquisition of Inmarsat, combining the teams, technologies and resources of the two companies to create a new global communications partner. Learn more at www.viasat.com , the Viasat News Room or follow us on LinkedIn , X , Instagram , Facebook , Bluesky , Threads and YouTube.
Inmarsat Maritime is based in Viasat’s global international business headquarters in London, United Kingdom. For further information about Inmarsat Maritime, visit Inmarsat.com/maritime and follow us on LinkedIn.
Copyright © 2026 Inmarsat Global Limited. All rights reserved. The INMARSAT trademark is owned by the International Mobile Satellite Organisation licensed to Inmarsat Global Limited. The Inmarsat LOGO is owned by Inmarsat Global Limited. All other product or company names mentioned are used for identification purposes only and may be trademarks of their respective owners.
Forward-Looking Statements
This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements include, among others, statements that refer to plans to incorporate the ViaSat-3 Ka-band network and VS60 maritime terminal into the NexusWave solution, and the resulting improvements to performance, speeds, flexibility, network efficiency and data security. Readers are cautioned that actual results could differ materially from those expressed in any forward-looking statements. Factors that could cause actual results to differ include: our ability to access third-party capacity and services; risks associated with the construction, launch and operation of satellites, including the effect of any anomaly, operational failure or degradation in satellite performance; our ability to realize the anticipated benefits of the ViaSat-3 class satellites and any future satellite we may construct or acquire; our ability to successfully implement our business plan for our broadband services on our anticipated timeline or at all; capacity constraints in our business in the lead-up to the launch of services on our satellites; changes in relationships with, or the financial condition of, key customers or suppliers; our reliance on a limited number of third parties to manufacture and supply our products and services; our ability to successfully develop, introduce and sell new technologies, products and services; and other factors affecting the maritime sector. In addition, please refer to the risk factors contained in Viasat’s SEC filings available at www.sec.gov, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update or revise any forward-looking statements for any reason.