KT SAT has signed a partnership agreement with Hun’s Corporation, a Japanese ship network supplier, for distribution of MVSAT (Maritime VSAT) in the Japanese market. KT SAT’s MVSAT will enable seamless global communication for vessels owned by Japanese shipping companies, starting in September.
Hun’s Corporation specializes in supply and maintenance of ship networks provides its service to more than 900 vessels from 53 companies in Japan.
Through this agreement, Hun’s will be the official sales agent of KT SAT in Japan and will be in charge of MVSAT service distribution. KT SAT will provide MVSAT service and technical support to Hun’s contract customers.
Japan has 4,187 owned vessels which makes it the third largest global ship owning country after China and Greece, based on last year’s research of ISL (Institute of Shipping Economics and Logistics). The Japanese maritime telecommunications market is dominated by global satellite operators and Japanese telcos such as KDDI.
KT SAT plans to penetrate Japanese market with more reasonable service rates and superior quality control compared to other companies. KT Sat aims to earn US$27 million with 300 vessels on MVSAT service in the Japanese market by 2021.