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The Proven Principles of NYSHEX
NYSHEX provides the global shipping industry a standardized “over-the-counter” (OTC) exchange for entering enforceable freight contracts. It is based on proven and relevant principles from the New York Stock Exchange, Chicago Mercantile Exchange and the London Metals Exchange.
NYSHEX plays a role the industry can't play on its own.
Leading shippers, carriers and NVOCCs designed the exchange to favor no one group and to be impartially governed. NYSHEX is compliant with all US regulations as well as the Federal Maritime Commission’s contract filing requirements. In addition, NYSHEX facilitates the freight financing and settlement through select first class banks. NYSHEX also supports the technology and maintains the standard form contracts used by the industry.
NYSHEX is created by and for the industry.
As a shipper you can now have space protection when you need it.
As an NVOCC you can now offer new products to your customers.
As a carrier, you now have 95% certainty in your future cargo flows.
NYSHEX integrates all the industry players digitally.
Carriers provide shippers and NVOCCs with a range of offers clearly displaying the relevant details of their service like space availability, prices and on-time performance. Shippers and forwarders can immediately accept a carrier’s offer on NYSHEX and enter a binding contract.
Find the answers in NYSHEX.
The New York Shipping Exchange (NYSHEX) was developed in collaboration with leading carriers, shippers and freight forwarders to create a new and fair standard: The NYSHEX Forward. It was specifically designed for short or medium term shipments, and to provide a fair, secure and digital means for contracting.
NYSHEX benefits all industry players.
As a shipper, you can now have space protection when you need it. As a forwarder, you can now offer new products to your customers. As a carrier, you now have 95% certainty in your future cargo flows.
The NYSHEX Forward provides the incentive for change.
The NYSHEX Forward contract makes it possible to buy and sell freight capacity digitally through the exchange. It is vastly different than spot or service contracts. By providing an enforceable and financially secured contract, all parties receive the assurance they need to trust their counter-party. This provides the incentive needed to change the way contracting is done, and to transform the industry.