Spire's sale of ship tracking arm raises antitrust concerns

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WASHINGTON : French maritime data analytics platform Kpler wants to buy ship tracking company Spire Maritime, whose satellite data is a vital resource for oil traders and shipping companies, but some Spire customers fear Kpler will cut them off and have raised antitrust concerns to U.S.

Spire's data is also used in products offered by LSEG Data & Analytics.

The data is also used by commercial maritime companies and commodities and energy desks at Wall Street firms who use it to trade oil contracts.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Company Ships Companies Data Maritime Analytics Spire Competitors Kpler Raised Customers

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-21 @ 00:08:14 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 507 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 24572214

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 31 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

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Publisher ID: #27

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