World News
Giant $44 Billion Financial Data Firm Merger May Increase Platts Activity in Shipping
The $44 billion merger deal between S&P Global and IHS Markit announced this week may give price reporting agency Platts the opportunity to expand more into shipping.
The two financial data firms announced on Monday that they had agreed to a merger valuing IHS at $44 billion. The deal is expected to close in the second half of next year.
Platts is currently most familiar to the shipping industry for its bunker price assessments, as well as cargo assessments for some of the commodities the industry carries.
The price reporting agency also has a significant presence in freight rate pricing, in particular for the dry bulk segment, but the merger may help broaden the company's involvement with the shipping industry.
The IHS presence in container shipping is likely to be of most use. In recent years Platts has started to assess spot container freight rates, and cooperation with IHS's more established container market team, as well as further collaboration at the TPM Conference organised by IHS unit JOC, would help those assessments to be used more widely in the industry.
About Jack Jordan
Jack Jordan is the Managing Editor of Ship & Bunker, the world’s most read marine fuel-focused publication.
He is an experienced financial editor and reporter with a first-class degree in Arabic and Russian, a postgraduate diploma in newspaper journalism and several years' history of covering the oil and shipping industries and capital markets.
Jack is based in London, UK.
About Ship & Bunker
Ship & Bunker is the world's most read publication focused on the marine fuel markets. Completely independent, it is the leading industry authority providing comprehensive daily news, exclusive in-depth features and analysis, along with daily & historical bunker price indications.
To contact the editor responsible for this story email us at editor@shipandbunker.com
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 565.50 | 4.50 | 678.50 | 4.50 |
| Rotterdam | 512.00 | 3.50 | 676.00 | 9.00 |
| Houston | 552.00 | 3.00 | 682.00 | 4.00 |
| Fujairah | 555.50 | 7.50 | 753.00 | 1.50 |
| Global 20 Ports Average | 583.50 | 4.00 | 762.50 | 2.50 |
| Global 4 Ports Average | 546.50 | 4.50 | 697.50 | 2.50 |
| Global Average Bunker Price | 632.50 | 2.00 | 811.00 | 1.50 |
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