S&P Global has bought UK data supplier Tradenet amid growing demand from the shipping industry for real-time information to chart rapidly changing global trade flows.
The New York-headquartered company said the purchase, on undisclosed terms, came after it had worked with Tradenet for a decade and developed a live vessel-tracking service — Market Intelligence Network (Mint).
It said the impact on trade from the Russian invasion of Ukraine and changes to oil flows as China emerges from the Covid-19 pandemic had increased demand for more detailed trade tracking.
