Top Stories
S&P Global acquires firm to bolster capability to track commodity shipments
Global Banking & Finance Review®
Company
SINGAPORE (Reuters) – S&P Global Commodity Insights said on Monday it has acquired UK-based technology firm Tradenet and its live vessel-tracking platform Market Intelligence Network (MINT) to bolster its capability to track and analyse commodity shipments.
SINGAPORE (Reuters) – S&P Global Commodity Insights said on Monday it has acquired UK-based technology firm Tradenet and its live vessel-tracking platform Market Intelligence Network (MINT) to bolster its capability to track and analyse commodity shipments.
Demand for ship-tracking data has grown in the commodities sector in recent years, leading to the creation of new data analytics businesses such as Kpler, Vortexa and Refinitiv that compete with S&P Global.
“The acquisition adds powerful new capabilities to our cargo, vessel tracking and freight analytics portfolio and further strengthens our shipping offering,” Rahul Kapoor, vice president and global head of shipping analytics & research at S&P Global Commodity Insights, said in a statement.
MINT, a live vessel-tracking platform, has been sold exclusively through S&P Global for years, the company added.
S&P Global did not say how much the acquisition cost.
(Reporting by Matthew Chye; Editing by Hugh Lawson)
A commodity shipment refers to the transportation of raw materials or primary goods, such as oil, metals, or agricultural products, from one location to another.
Vessel tracking is the process of monitoring the location and movement of ships at sea, often using satellite technology and data analytics.
Data analytics involves examining raw data to uncover patterns, trends, and insights that can inform business decisions and strategies.
The Market Intelligence Network (MINT) is a live vessel-tracking platform that provides real-time data on shipping and commodity movements.
Explore more articles in the Top Stories category
