SINGAPORE, March 13 (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)
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