Agreement covers 102 total vessels utilizing KVH’s TracPhone® HTS systems
MIDDLETOWN, RI – January 9, 2020 – KVH Industries, Inc., (Nasdaq: KVHI), announced today that BW Group, one of the world’s leading maritime groups in the tanker, gas, and offshore segments, has signed a new contract to continue KVH VSAT services for at least five years and is upgrading 102 vessels to utilize KVH’s mini-VSAT BroadbandSM HTS network for advanced satellite communications. BW Group first chose KVH in 2013 to provide satellite connectivity for a portion of its fleet and since that time has rolled out KVH VSAT systems on additional vessels. The vessel migration is expected to be completed by the third quarter of 2020.
“Migrating our vessels to KVH’s advanced HTS network enables us to optimize our operational efficiency with fast, reliable connectivity from a trusted partner,” says BW’s procurement officer. “We originally chose KVH because of their commitment to excellence and the ease of working with a sole provider, and we continue to value that relationship.”
With more than 80 years’ experience in maritime energy transportation, BW operates a large fleet that includes product tankers, LPG and LNG carriers, and offshore floating production vessels.
“It is an honor for KVH to continue working with BW Group, a company whose commitment to quality vessels, operational efficiency, and crew welfare is well known throughout the maritime industry,” says Ken Loke, KVH’s vice president for Asia-Pacific. “It is particularly gratifying that based on the performance of our legacy network, BW is now migrating to our newest HTS network. We value the strong working relationship that has developed between our companies during the past years and look forward to the continuation of that relationship for years to come.”