ShippingWatch

Major container liners invest in new digital platform

Four of the world's largest container carriers like CMA CGM and Hapag-Lloyd are investing in the new trade platform New York Shipping Exchange. The project has received USD 13 million so far.

Four of the world's largest container carriers have teamed up with Goldman Sachs and GE Ventures to invest USD 13 million in the first round of financing for the new trade platform New York Shipping Exchange NYSHEX.

The new electronic platform has been launched as a link between shippers and shipowners to simplify the process of entering standardized contracts and securing the cargo flow. In a statement, NYSHEX promises that with the contracts entered on the platform, shippers are ensured a degree of reliability over 99 percent.

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