UK shipbroker Simpson Spence Young (SSY) is teaming up with Ioannis Martinos' Signal Ocean to launch new "high-impact" technology services for commercial bulker management.

The strategic partnership will see both companies invest money to offer data-driven solutions to chartering professionals, they said.

Technology start-up Signal Ocean launched The Signal Ocean Platform in 2018, as Martinos branched out from the Thenamaris family business.