Simpson Spence Young (SSY), the world’s largest independent shipbroker, is partnering with Gothenburg-based Marine Benchmark, a specialist in maritime data analytics
Marine Benchmark brings to the partnership its expertise in statistical analysis to SSY’s extensive maritime market data. The aim is to broaden SSY’s resources and competitive edge while increasing Marine Benchmark’s presence in the global market for maritime research and data.
SSY’s chairman Mark Richardson 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 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. We are very excited to be working with Marine Benchmark on this new venture and look forward to delivering the key benefits of detailed big data and real-time analytics to our clients."
Marine Benchmark was founded in 2012 by Börje Berneblad and Torbjorn Rydbergh. Both have had 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 comprehensive range of vessel and voyage data derived from AIS, the shipping market and the financial industry.
Marine Benchmark head of development Börje Berneblad, said "This is a significant move for Marine Benchmark, and we are very pleased to join forces with Simpson Spence Young so that we can further develop our platform and extend our global market reach. Shipping offers up a vast quantity of data, and our passion is to continue creating ways to generate value and make it visible to our clients in a meaningful way."
"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.”
The partnership with Marine Benchmark is the latest move to strengthen its digital presence. In October the shipbroker announced a strategic partnership with Signal Ocean to add commercial solutions to its portfolio.