LONDON, May 11, 2015 /PRNewswire/ —
ICIS, the global commodity market intelligence provider, has launched a new product for the global liquefied natural gas (LNG) market – LNG Edge.
This latest addition to the ICIS product portfolio provides real-time intelligence on LNG cargoes at sea, trade flow volumes, buy/sell opportunities, chartering availability and rates, as well as LNG spot prices and news updates – ALL in a single platform.
The three cornerstones of LNG Edge are ICIS’s proprietary data fusion technology, dual AIS data feeds from the world’s largest constellation satellite providers (Orbcomm and exactEarth) and the biggest LNG commercial intelligence gathering team, which verifies accuracy of the published data.
The combination of these resources and capabilities revolutionises the online tracking platforms in the market – setting LNG Edge apart from rest. It delivers unparalleled LNG market transparency via a high-speed and user-friendly online interface. Functionalities range from instant online mapping and search, to extensive Excel data download options, supporting all members of the LNG trading team – traders, analysts, shipping managers and directors.
LNG trade is entering a period of rapid growth, which will bring more trading routes, more vessels and more competition. Existing trading patterns will be challenged by a wave of new production. Price fluctuations will be key for optimised trading profits.
“The ability to realise commercial opportunities will depend not just on having the best market intelligence, but on being able to quickly make sense of shifts in trading patterns and prices through a single interface,” said Louise Boddy, Business Director of ICIS LNG Edge.
These technologies behind LNG Edge allow ICIS to constantly improve and develop the platform to meet the diverse needs of the growing and evolving marketplace.
As a user of LNG Edge, you are given access to:
- Real-time global fleet view
- LNG spot prices displayed per port
- Interactive tender information on map
- Vessel’s charterer and history
- Vessel’s destination and predicted path
- Updates on abrupt course changes and ETAs
- Charter availability and rates
- Search for compatible vessels
- Company pages
- Live and downloadable import-export volume data
- Real-time LNG news feed
- Customisable reports
- Supply risk assessment tool
- Trading routes/paths
- Vessels’ ‘Order Book’
To read more about LNG Edge, visit http://www.icis.com/LNG-Edge.
ICIS is the world’s largest petrochemical market information provider and has fast-growing energy and fertilizer divisions. Our aim is to give companies in global commodities markets a competitive advantage by delivering trusted pricing data, high-value news, analysis and independent consulting, enabling our customers to make better-informed trading and planning decisions. We have more than 30 years’ experience in providing pricing information, news, analysis and consulting to buyers, sellers and analysts.
With a global staff of over 800, ICIS has employees based in Houston, Washington, New York, London, Montpellier, Dusseldorf, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Yantai, Tokyo and Perth. Some 350 of ICIS’s staff are journalists engaged in reporting market prices and news, and ICIS is fully committed to upholding the highest journalistic principles of verification, corroboration and authentication. ICIS has a compliance framework that, along with its methodologies and business processes, adheres to the requirements of the IOSCO PRA Principles.
ICIS is a division of Reed Business Information, part of Reed Elsevier Plc.
About Reed Business Information
At Reed Business Information, we provide information and online data services to business professionals worldwide. Customers have access to our high-value industry data, analytics, information and tools. Our strong global brands hold market-leading positions across a wide range of industry sectors including banking, petrochemicals and aviation where we help customers make key strategic decisions every day. RBI is part of Reed Elsevier, a leading global provider of data, information and solutions for professional customers.
For further information about this press release, please contact:
Business Director, ICIS LNG Edge
Senior Marketing Manager, ICIS