pathi Posted July 14, 2020 #1 Share Posted July 14, 2020 Has anyone noticed the chapter 11 bankruptcy filing for Speedcast International? This is a company that provides internet access at sea. Ships, Oil rigs etc. I wonder how this will affect our access to the Internet once we start sailing again. Link to comment Share on other sites More sharing options...
CruiserBruce Posted July 14, 2020 #2 Share Posted July 14, 2020 What sort of "bankruptcy'? Reorganization doesn't mean going out of business. Sure it is folding up the company? Oil rigs haven't shut down....so not sure why their business isn't there. Yes, oil prices are low...but the oil business is always all over the place. There are other venders. Speedcast is far from the only vendor...this could lead to consolidation in the field...downtowns in the economy frequently do. Consolidation sometimes leads to increased pricing, but internet is so common, and so expected, I wouldn't jump to any conclusions about increased pricing. Nobody is going to have any sort of "official answer". Its all speculation, like so many other issues with cruising now. 1 Link to comment Share on other sites More sharing options...
Joebucks Posted July 14, 2020 #3 Share Posted July 14, 2020 If they went under, someone else would swoop in and own those contracts. Cruise ships are not going to go without internet. 1 Link to comment Share on other sites More sharing options...
TheOldBear Posted July 14, 2020 #4 Share Posted July 14, 2020 Probably that level of service would soon be replaced my Musk's Starlink service Link to comment Share on other sites More sharing options...
pc_load_letter Posted July 16, 2020 #5 Share Posted July 16, 2020 On 7/14/2020 at 5:59 AM, TheOldBear said: Probably that level of service would soon be replaced my Musk's Starlink service This ^^ Starlink sent out beta test emails this week. Some states in the US are now testing. Link to comment Share on other sites More sharing options...
neverbeenhere Posted July 16, 2020 #6 Share Posted July 16, 2020 People are still raising Carrier Pigeons. Link to comment Share on other sites More sharing options...
Wayfairers Posted July 25, 2020 #7 Share Posted July 25, 2020 Interesting. I never thought about all the supporting industries now that there are no cruises. Probably won’t be the last company pushed into bankruptcy or reorganization. We can only hope the next generation, starlink, or whatever, is a faster service. And, hope that those who own stocks in these companies are watching the market. Link to comment Share on other sites More sharing options...
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