“For the first time, oil market participants will have direct access to combined real-time land and sea oil market fundamentals,” says Matthew Burkley, CEO of Genscape.
Louisville, KY and Hamburg, Germany (PRWEB) May 22, 2013
Genscape, the company that pioneered the placement of thousands of patented, in-the-field energy monitors to measure market fundamentals in real-time, today announced the acquisition of Vesseltracker.com GmbH. This acquisition significantly expands Genscape’s network of proprietary real-time energy monitors to deliver the next era in oceangoing fleet analytics and customized reporting.
Vesseltracker uses sophisticated algorithms to synthesize data from its over 800 AIS antenna stations located worldwide along with the world’s largest AIS satellite data feed – and now Genscape’s land-based oil storage and pipeline data. This new combination delivers the industry’s largest breadth of geographical coverage coupled with exceptional data quality.
“This acquisition unites Vesseltracker’s marine-based oil fleet monitoring with Genscape’s land-based oil storage and pipeline data,” says Matthew Burkley, CEO of Genscape. “For the first time, oil market participants will have direct access to combined real-time land and sea oil market fundamentals.”
“I can see a lot of potential in combining Genscape and Vesseltracker’s proprietary networks to deliver unique and high quality data to energy traders,” says Carsten Bullemer, CEO of Vesseltracker. “Both companies share the same entrepreneurial culture. I’m very happy to be part of Genscape.”
Genscape is providing free trial access for a limited time and, in response to early adopter demand requests, will customize land and/or sea oil monitoring for select clients.
To learn more, please visit: [info.genscape.com/vesseltracker-press
Genscape is the leading global provider of energy information for commodity and financial markets. Utilizing patented technologies and proprietary algorithms, Genscape provides accurate and timely data on capacities flow and utilization for all major energy commodities. The product range includes the well-known real-time services for power and gas in North America and Europe. Genscape also delivers fundamentals-based market intelligence services which market participants rely upon to better understand drivers, risks, and dynamics of regional power and gas markets. Genscape is committed to enhancing the market activities of our clients through access to superior fundamental data and market intelligence. http://www.Genscape.com
About Vesseltracker.com (now Powered by Genscape)
Today almost 250,000 users access vesseltracker.com for real time data on ship positions, movements, history, ownership and management contact details. With a network of over 800 AIS receiver stations processing 190,000 reports per minute along with satellite tracking data, Vesseltracker is capable of tracking we 100,000 vessels at any minute of the day, from anywhere in the world. Our services are customized to suite the challenges faced by companies and authorities requiring a complete overview of global ship movements. http://www.Vesseltracker.com
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