WASHINGTON, Dec 20 (Reuters) - 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. authorities, sources familiar with the matter say.
The $241 million deal announced on Nov. 13 would give Kpler
control over Spire's satellites and maritime Automatic
Identification System (AIS) data stream, which tracks ships
globally, particularly in the open ocean, with a refresh rate of
every 15 minutes.
This capability is unmatched by competitors, including
Orbcomm, which has 7-10 satellites and takes about 36 hours to
update.
Spire's advanced technology allows it to track tens of
thousands more ships than its competitors, making it an
attractive information source for various customers including
cargo trackers, the U.S. Department of Defense and intelligence
agencies. 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.
Other customers include Maxar Intelligence, Polestar Global,
Lloyd's List Intelligence, Windward, Vortexa, MapLarge as well
as shipping and cruise companies, the people said.
Veson Nautical, which lists Cargill and Trafigura among its
customers, and ShipTracks, which serves Chevron, are among the
analytics companies that use Spire data.
If the deal goes through Spire will still service existing
contracts with the U.S. government for maritime data.
However, the acquisition has raised concerns that software
and analytics customers who rely on Spire's AIS data, and may
compete in some applications with Kpler, could lose access to
that data if the deal goes forward.
Kpler has been actively acquiring competitors to strengthen
its marine traffic and fleet monitoring capabilities. There is a
worry that this vertical integration could also impact pricing
and stifle innovation, said the sources.
Spire's data is also used in products offered by LSEG Data &
Analytics. LSEG pays Reuters for news.
Kpler's acquisition spree has already raised eyebrows in the
industry. In recent years, the company has bought up several
competitors including UK-based maritime data provider
MarineTraffic and Norwegian firm Nortek. These acquisitions have
expanded Kpler's capabilities and market share but have also
raised concerns about the company's growing dominance in the
maritime data market.
Kpler's acquisition of MarineTraffic, which was previously a
major competitor in the AIS data market, led to a loss of data
access for some analytics companies that were outside Kpler's
targeted customer base, the sources said.