NYSHEX

NYSHEX

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Website: nyshex.com

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NYSHEX is a digital platform designed to enhance efficiency and reliability in the ocean supply chain. It provides a comprehensive suite of services tailored for shippers, carriers, and non-vessel operating common carriers (NVOCCs). The platform focuses on streamlining container freight operations by offering tools for managing container shipments more effectively.

Key features of NYSHEX include its ability to facilitate secure and enforceable contracts between shippers and carriers. This helps reduce the risk of cargo rollings and ensures that shipments are executed as agreed upon. Additionally, NYSHEX supports the development and implementation of container freight indices, which are crucial for transparency and fair pricing in the shipping industry. By leveraging these indices, users can make more informed decisions about their shipping operations.

The platform's emphasis on digitalization and data-driven insights helps users navigate the complexities of global shipping more efficiently. By providing a structured framework for managing shipments and tracking performance, NYSHEX aims to improve overall supply chain reliability and reduce operational uncertainties. Its integration with various stakeholders in the shipping ecosystem further enhances its utility as a tool for optimizing logistics and freight management processes.

The New York Shipping Exchange (NYSHEX) was founded in 2015 to solve the problem of poor contract fulfillment caused by misaligned incentives and disconnected execution. This results in $23 billion of economic waste that impacts all shippers, carriers and NVOCCs. NYSHEX offers shared digital infrastructure that helps to align incentives, connect execution, strengthen relationships, and reduce manual work. NYSHEX’s Proactive Performance Management (PPM) technology helps users to jointly manage allocations and plans, and to be alerted in real time when any shipment goes off plan. The NYSHEX indices make it easier for everyone to use contracts linked to an index, which removes a carrier’s incentive to curtail allocations when spot rates rise above contract rates, and a shipper’s incentive to shift volumes when spot rates drop below contract rates.

Website: nyshex.com

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