The New York Shipping Exchange (NYSHEX) is a digital platform which connects shippers with their ocean carriers, thus providing contract reliability between both parties.
NYSHEX is supporting the transformation of container shipping by solving inefficiencies associated with booking downfalls and shipment rollings.
NYSHEX was founded in 2014 by Gordon Downes. The company is headquartered in New York, NY.
NYSHEX is designed to make sure ocean shipping contract terms are clear, there is an understandable exception resolution process and penalties for failure are enforced.
NYSHEX’s digital platform allow shippers enter information about their shipments, such as origin and destination, shipping dates and equipment type.
NYSHEX is integrated with all the carriers on the exchange as well as third-party booking platforms for seamless workflow. NYSHEX members include Hapag Lloyd, CMA CGM, OOCL, COSCO, and MOL.
NYSHEX is backed by GE Ventures, Goldman Sachs, NewRoad Capital Partners, Collate Capital, Blumberg Capital, the New York Angels, and others. The company raised $15M in a new round on Aug 25, 2021. This brings NYSHEX's total funding to $42M to date.