ShippingWatch

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.

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