Platts, a leading global energy, metals, petrochemicals and agriculture information provider, announced today that it has acquired Petromedia, a specialist provider of news and analysis for the shipping and oil industries. The purchase helps extend Platts coverage beyond traditional marine fuels and market fundamentals.

Founded in 2001, Petromedia provides customers with access to up-to-date news, daily prices and analysis on the global shipping and oil markets, including services to help manage counterparty risk, marine fuel quality monitoring, alternative marine fuel and technology awareness, and a bunker procurement platform.

Source: McGrawHill Financial