Castor Marine buys SeaVsat out of bankruptcy

Maritime connectivity provider Castor Marine has announced the acquisition of all contracts and operations from SeaVsat in the Netherlands, following the Dutch company’s bankruptcy.

A maritime satellite internet provider based in Lelystad, SeaVsat provided satellite Internet access to offshore vessels and rigs prior to being declared bankrupt on November 23.

Castor Marine has acquired the business and says it will ensure continuity of internet services for installed vessels as it integrates SeaVsat’s operations with its own.

Work is already underway to migrate all customers to the Castor Marine VSAT network infrastructure, with all airtime contracts being moved across to a new support team.

“I am pleased that with this acquisition of contracts we now ensure all SeaVsat customers continuity of their services,” said Ivo Veldkamp, CEO of Castor Marine.

“The key benefit for the SeaVsat customers is that they now deal directly with a VSAT network operator instead of a reseller of VSAT services. This acquisition strengthens our position in the global maritime connectivity market and at the same time we ensure the welfare of people at sea.”

Share this story

About the Author

Picture of Rob O'Dwyer
Rob O'Dwyer

Rob is Chief Network Officer and one of the founders of Smart Maritime Network. He also serves as Chairman of the Smart Maritime Council. Rob has worked in the maritime technology sector since 2005, managing editorial for a range of leading publications in the transport and logistics sector. Get in touch by email by clicking here, or on LinkedIn by clicking here.

Further Reading

News Archive