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Why Maersk Spot is Good for Shippers and Carriers, as well as NYSHEX

This week some really exciting news came out in the industry.  Maersk announced that they are launching “Maersk Spot” which will offer shippers guaranteed equipment and space in exchange for a penalty if they don’t show up with promised cargo.

Trust in shipping is making a comeback! But what’s NYSHEX got to do with it?

Back in 1823, the shipping markets were characterized by “wild gambling”. To combat this, the Baltic Exchange was established as a private meeting room where admission was strictly limited to trustworthy merchants and shipowners. Their motto enshrined this principle as “our word, our bond"(1)

Grab a coffee and hear my 2019-2020 ocean contracting season projections

I’ve always enjoyed listening to economists’ forecasts about the future.  But, you know what the brightest minds say about forecasting:  “Prediction is very difficult, especially if it's about the future.” (Thanks Nils Bohr, Nobel laureate in Physics.)

Many voices drive long-lasting change.

At NYSHEX (New York Shipping Exchange), we’re all about getting the smartest minds in a room to solve container shipping industry challenges.  That’s why, in addition to our Board of Directors, we have a Member Council, composed of BCO shippers and NVOCCs, as well as an Emeritus Board. 

Joe Caruso of Stone Arch Commodities Shares His Knowledge on GAFTA in this Guest Blog

At NYSHEX, we’re passionate about learning as much as possible about the unique container shipping needs of our members.  The more we understand about what’s impacting their business and their shipping pain points, the better we can serve them.