Traders, producers, investors and governments are racing to secure software solutions that can offer real-time visibility and facts amid a continuing Russia-Ukraine war and the post-Covid resurgence of China in commodity markets. Vessel tracking – and the next generation cargo tracking services that have grown from it – are now being paired with analytics and research to offer decision-makers timelier, more comprehensive views on market drivers and supply movements.
S&P Global Commodity Insights continues to grow and enhance its shipping, container and freight products and services offerings that include a range of Platts price assessments, news, data, and research and analysis. The latest growth move is the acquisition of UK-based technology firm Tradenet, an innovative and trusted software provider for the maritime, commodity and financial trading communities. Terms were not disclosed. S&P Global Commodity Insights has a long-standing relationship with Tradenet as its data supplier and exclusive sales partner in the co-developed MINT (Market Intelligence Network), a live vessel tracking platform.
“We are excited to add Market Intelligence Network (MINT) to the S&P Global Commodity Insights product family. The acquisition adds powerful new capabilities to our cargo, vessel tracking and freight analytics portfolio and further strengthens our shipping offering that will allow us to deliver actionable, market leading insights for our clients”, said Rahul Kapoor, Vice President and Global Head of Shipping Analytics & Research at S&P Global Commodity Insights. “With MINT, we were able to expand how we serve decision-makers in bunker fuel sales, commodity trading and analysis, chartering and maritime operations roles and have gained a large and growing client base around the world.”
Kapoor said, “Now, by formally acquiring Tradenet and MINT, we will be able to more effectively deploy our diverse and growing array of capabilities to better serve the market visibility and workflow needs of our clients via our best-in-class user interfaces and work flow solutions, and we are very excited to fully integrate them into S&P Global Commodity Insights and scale the benefits of their talents and capabilities across our global client base.Source: Hellenics Shipping News