SSY makes Big Data move with Marine Benchmark

British broker Simpson Spence Young shipbroker continues to pursue a practice of partnering with tech firms over developing its own products. The company has just revealed it has partnered with Gothenburg-based tech company Marine Benchmark, a specialist in maritime data analytics. SSY said in a release the tie-up will provide expertise in statistical analysis across a wide range of maritime market data.

Mark Richardson, chairman of SSY commented, “We are entering a new era in shipping, where data technology and intelligence is becoming increasingly important. Big Data has a pivotal role to play, in everything from vessel design and fleet performance right through to cargo delivery and benchmarking the IMO’s CO2 emissions goals. Our collaboration with Marine Benchmark will utilise their expertise in this field, positioning SSY at the forefront of future machine learning and AI in shipping, supporting our brokers and adding value to our clients.”

Börje Berneblad and Torbjorn Rydbergh set up Marine Benchmark in 2012, following long careers in shipping. The company has worked on numerous projects, most recently with Kongsberg Digital to provide data and applications to the Kognifai digital platform. Marine Benchmark’s global analytics platform contains a range of vessel and voyage data derived from AIS, the shipping market and the financial industry.

“Understanding what is happening at a granular level is key to making changes that can drive improvements across the shipping industry, and no matter what field you work in, be it a shipowner, trading house, shipyard, investor or financial institution, our global statistical platform can provide you with that information,” said Marine Benchmark’s manging director, Rydbergh.

Last month, SSY partnered with Ioannis Martinos’s Signal Ocean to give rival brokers a run for their money in offering digital commercial management tools for the dry bulk fleet.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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