Evergreen Confirms Fleetwide Rollout of Inmarsat NexusWave
Rhea-AI Summary
Evergreen (VSAT) confirmed a fleetwide rollout of Inmarsat NexusWave bonded connectivity across its vessels, following successful trials and building on prior use of Fleet Xpress.
The upgrade delivers bonded, multi-network connectivity with fast speeds, unlimited data, always-on performance and a secure-by-design platform that uses the ViaSat-3 ultra-high-capacity network. Evergreen says the move will improve crew welfare, strengthen cybersecurity, enable real-time reefer monitoring, predictive analytics and fully integrated IoT, and support the company’s digitalisation and growth plans.
Positive
- Fleetwide adoption of NexusWave across Evergreen vessels
- Bonded, multi-network connectivity with unlimited data
- Enables real-time reefer monitoring and predictive analytics
Negative
- None.
News Market Reaction – VSAT
On the day this news was published, VSAT gained 12.88%, reflecting a significant positive market reaction. Argus tracked a peak move of +7.0% during that session. Argus tracked a trough of -7.3% from its starting point during tracking. Our momentum scanner triggered 89 alerts that day, indicating high trading interest and price volatility. This price movement added approximately $671M to the company's valuation, bringing the market cap to $5.88B at that time. Trading volume was above average at 1.5x the daily average, suggesting increased trading activity.
Data tracked by StockTitan Argus on the day of publication.
Market Reality Check
Peers on Argus
VSAT gained 12.88%, while peers showed mixed, mostly smaller moves (e.g., ONDS +6.12%, VIAV +2.68%, COMM -0.73%, EXTR -1.14%). This points to a VSAT-specific reaction rather than a broad sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 15 | Government SATCOM network | Positive | -1.3% | Unified global Ka-band SATCOM network for government customers. |
| Dec 11 | Launch services contract | Positive | +2.6% | InRange telemetry selected for INNOSPACE’s first Brazil commercial launch. |
| Dec 03 | Market demand report | Positive | +2.1% | GSMA Intelligence report highlighting strong consumer demand for satellite D2D. |
| Dec 01 | NexusWave evolution | Positive | -4.9% | Next phase of NexusWave with ViaSat-3 and new VS60 maritime terminal. |
| Nov 19 | Board appointment | Neutral | -1.0% | Appointment of Barbara Frenkel to board, expanding to eight directors. |
Recent product and network announcements have produced mixed reactions, with both gains and pullbacks, indicating news alone has not driven a consistent direction.
Over the past two months, Viasat issued several technology and strategic updates. On Nov 19, a board appointment (news_id 938333) and multiple insider equity filings coincided with a modest -0.99% move. NexusWave evolution with ViaSat-3 on Dec 01 (news_id 941731) saw a larger -4.89% reaction despite product focus. A D2D demand report on Dec 03 (news_id 943123) and InRange selection on Dec 11 (news_id 946725) were followed by gains of 2.14% and 2.63%. The Dec 15 Ka-band government SATCOM update (news_id 947754) drew a mild -1.31% move.
Market Pulse Summary
The stock surged +12.9% in the session following this news. A strong positive reaction aligns with VSAT’s positioning as an integrated satellite connectivity provider. The Evergreen fleetwide NexusWave rollout underscored practical adoption of the ViaSat-3-based maritime platform, in contrast to prior NexusWave announcements that saw mixed moves, including a -4.89% reaction on Dec 01. With recent net insider selling of 276,018 shares over 90 days and short interest of 12.01%, sentiment and positioning could influence how durable such strength becomes.
Key Terms
bonded connectivity technical
iot technical
AI-generated analysis. Not financial advice.
Taiwan’s largest container line standardises on Inmarsat’s high-speed, bonded, secure-by-design, connectivity service to enhance crew experience and accelerate digitalisation
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, lidia.selivanova@viasat.com
Debbi Bonner, Managing Director, JLA Communication, debbi.bonner@j-l-a.com
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.
FAQ
What did Evergreen announce about NexusWave on January 7, 2026 for VSAT?
How does the NexusWave upgrade affect Evergreen crew experience (VSAT)?
What operational benefits did Evergreen cite for the NexusWave rollout (VSAT)?
Which network will support Evergreen’s NexusWave service mentioned for VSAT?
Was Evergreen the first Taiwanese operator to adopt NexusWave (VSAT)?
