Digital shipping exchange grew big-time in 2020

The New York Shipping Exchange, a digital exchange for entering binding contracts, has grown by 200 percent during 2020. Among other things, the many uncertainties of the past year have generated interest in easy, reliable and secure contracts, the company states.

Photo: PR / Cosco Shipping

The New York Shipping Exchange (NYSHEX) has grown by approximately 200 percent during 2020.

The uncertainty of the market, unpredictable service levels and lack of containers, among other things, have helped increase the need for secure contracts between shippers and ocean carriers, says NYSHEX in a press release.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Esvagt strikes huge deal with Totalenergies

The French oil major expands its partnership with the Danish service carrier, which secures long-term contracts on eight vessels that will now deliver far more than safety solutions. The agreement is expected to create jobs for more than 160 seafarers.

Western Bulk aims for listing in third quarter

The strong dry bulk market is prompting Norway's Western Bulk to aim for a listing in the third quarter. The carrier projects that the market will strengthen in the second half of the year.

Further reading

Related articles

Trial banner

Latest news

See all jobs