# S&P Global acquires firm to bolster capability to track commodity shipments Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2023-03-13 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: S&P Global buys UK tech firm Tradenet, boosting Meta Description: S&P Global Commodity Insights acquires Tradenet to enhance vessel-tracking platform Market Intelligence Network (MINT) for better analysis of commodity URL: https://financedigest.com/sp-global-acquires-firm-to-bolster-capability-to-track-commodity-shipmentshtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/2023-03-13t015116z1lynxmpej2c027rtroptp4usa-s-p-global-1736814339665-compressed.jpg) 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](https://www.financedigest.com/2021-the-year-of-the-global-workforce-for-british-small-businesses.html "2021: The Year of the Global Workforce for British small businesses "), the company added. S&P Global did not [say how much the acquisition cost](https://www.financedigest.com/malaysias-new-pm-anwar-says-first-priority-is-cost-of-living.html "Malaysia’s new PM Anwar says first priority is cost of living"). [(Reporting by Matthew](https://www.financedigest.com/hurricane-matthew-causes-up-to-15bn-impact-to-us-and-caribbean-economies-in-october-according-to-aon-catastrophe-report.html "Hurricane Matthew causes up to bn impact to US and Caribbean economies in October, according to Aon catastrophe report") Chye; Editing by Hugh Lawson) --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---