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.”

Posted 30 October 2019

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David Glass

Author Bio ▼

Greece Correspondent, Seatrade Maritime An Australian with over 40 years experience as a journalist and foreign corrrespondent specialising in political and economic issues, David has lived in Greece for over 30 years and was editor of English language publications for Greek daily newspaper Kathimerini in the 1970s before moving into the Akti Miaouli and reporting on Greek and international shipping. Managing editor of Naftiliaki Greek Shipping Review and Newsfront Greek Shipping Intelligence, David has been Greek editor for Seatrade for over 25 years.

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