Vessel tracking data platforms are hot property in 2023. New York-headquartered S&P Global has joined the race to offer clients real time shipping data, announcing today the acquisition of UK-based technology firm Tradenet, which has been the long-time developer of the Market Intelligence Network (MINT) live vessel tracking platform that S&P Global has exclusively sold for years.
“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, global head of shipping analytics and 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 added.
Last month commodities data firm Kpler acquired two well-known ship tracking brands, MarineTraffic and FleetMon.
“Consolidation in maritime technology is very much needed and something we have been vocal about for years. There are too many niche companies solving tiny parts of a big puzzle and capturing minuscule market share in the process. We believe this is about to change, and that we will see many more such mergers and acquisitions in the years to come,” commented Ronny Waage, managing partner at Singapore-based Heron Advisory.
