By Mike Wackett
The New York Shipping Exchange (NYSHEX) has announced the completion of a $13m Series A round of funding as it continues its quest for digital enforceable contracts in the container liner industry.
NYSHEX is working with Hapag-Lloyd, CMA CGM, MOL and OOCL on building a “comprehensive exchange”, with the German and French carriers having joined the investment round.
“No-show” containers, booked by shippers but not delivered, and containers “rolled” by carriers that habitually overbook vessels, are arguably the biggest problems facing the integrity of the ...
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