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SSY and Signal Ocean in technology solutions tie-up

Ioannis Martinos-led technology start-up Signal Ocean and UK shipbroker Simpson Spence Young (SSY) are to work together to bring high-impact technology solutions to the commercial ship management of dry bulk carriers.

The union brings together SSY, among the world's largest independent and privately owned shipbroker with offices in 290 countries, and technology company Signal Ocean has the strong trendsetting Martinos family shipping pedigree.

Last year Signal Maritime, a spin-off a spin-off from Thenamaris Ships Management, one of the three Martinos-controlled companies, successfully launched the Signal Ocean Platform, offering already widely adopted decision-support solutions to chartering professionals in the larger crude-oil tanker segments.

In a statement October 28 the SSY and Signal Ocean noted commercial shipping offers a vast number of information challenges. Professionals have to constantly collect, piece together and interpret thousands of snippets of information every day to stay on-top of the global freight markets. The Signal Ocean Platform was born of a desire to improve the flow, fusion and analysis of such information to help professionals focus on achieving extraordinary performance.

Martinos, ceo at Signal said: "Our strategic collaboration with SSY, one of the worlds largest and most forward thinking shipbrokers, puts us in a unique position to develop a deeply value adding solution for the dry market. Our ambition is to cover all dry vessel sizes, giving our users superior minute by minute situational awareness of dry market activity."