December will see the in-orbit fleet renewals of global satellite operators SES and Eutelsat. With in-orbit rates currently just over the 1% mark, the placements could well see sub 1% rates.
While the in-orbit market only makes up around US$120m of the…
December will see the in-orbit fleet renewals of global satellite operators SES and Eutelsat. With in-orbit rates currently just over the 1% mark, the placements could well see sub 1% rates.
While the in-orbit market only makes up around US$120m of the expected US$650m of income that will be generated this year, the capacity in the market still remains high and as with the launch plus market this has lead to a continuous downward pressure on the rates.
Willis will place the Eutelsat in-orbit renewal while Marsh has traditionally managed the in-orbit insurance for SES’s fleet.
:: A technical briefing for Avanti’s second satellite, Hylas-2, is due to take place in Cyprus at the beginning of December after which broker Marsh will likely hit the market with a launch plus one placement. While Hylas-2 is far more powerful than its predecessor, it is based on Orbital Science’s Star 2.4 platform, which has already been used on a large number of satellites.
