7th October 2021
Signal Ocean’s technology now available for the dry bulk market
Client news
The Signal Ocean Platform has a new Dry Bulk module. The move follows nearly two years of development in close partnership with shipbroker Simpson Spence Young (SSY) and detailed beta testing with more than 30 shipowners and charterers. The Signal Ocean Platform is already successfully used in the tanker market by shipbrokers, shipowners, traders and energy majors who manage around half of the world’s crude oil spot tonnage and cargoes.
Launched by Signal Group in 2018, the Signal Ocean Platform continuously processes and combines streams of private and public data such as AIS, tonnage lists, cargo lists, vessel positions, port costs, port line-ups and freight rates. Using advanced algorithms and artificial intelligence, data is transformed into private and actionable insights on the freight market. Users can optimally match vessels to cargoes, run profitability comparisons, make CO2 estimates, and use Signal’s patented technology to forecast vessel movements and availability across the globe.
Signal Group Chief Executive Officer Ioannis Martinos said:
“Adapting our tanker technology to dry bulk was not straightforward. Working with the dry desk at one of the world’s leading shipbrokers, and a few select clients, helped us develop a dry bulk solution which is relevant and simple to use. We now look forward to engaging commercial teams around the world to extend and improve the product further.”
Stanko Jekov, SSY’s Global Head of Dry Cargo commented:
“Data driven insights are critical to our success and help us support our clients more effectively than ever before. Signal’s technology gives our brokers an instant and unique view of the market and has greatly enhanced our competitiveness.”
Early adopters of the Dry Bulk Module include Starbulk and Seanergy Maritime.
A webinar providing analysis of the dry bulk markets as well as insight into the platform will be held on for dry bulk market participants and potential users will be held on 13 October at 1130/1330 (UK/Greece). Click to sign up here.
About Signal Group
The Signal Group's vision is to make global shipping more efficient, effective and profitable through the application of technology and market experience. Our passion for applied science & technology and understanding of the complex shipping business continues to open up new opportunities.
We achieve success through collaboration, research and investment. In just a few years we have built a huge maritime tech eco-system by combining cutting edge data science with deep shipping market experience.
The engine which drives our Signal Ocean Platform applies artificial intelligence & algorithms to clients' unstructured data. It provides them with a customised and personalised view of the tanker, dry bulk and container markets. We help shipbrokers, owners and charterers achieve extraordinary performance by taking care of the mundane and computationally complex. Our platform enables commercial players to realise the best vessel deployment through increased triangulation, backhauls and consecutive voyage options.
This data-led approach powers our commercial tanker pool, Signal Maritime, enabling our chartering team to outperform its peers.
At the same time we are investing in the future by supporting early stage technology startups and entrepreneurs in the shipping, logistics and commodities space through Signal Ventures.
Our diverse and fast-growing team of product engineers, computer scientists and commercial shipping professionals is based in London and Athens.
www.thesignalgroup.com