ONE joins digital exchange network NYSHEX
Morgan Forde | December 13, 2019
ONE is joining the New York Shipping Exchange (NYSHEX), a digital freight marketplace for ocean shipping, according to a press release on Thursday. It will begin posting select offers for Transpacific Eastbound trade in December for sailings in January 2020. NYSHEX includes CMA CGM, COSCO, Hapag-Lloyd, HMM, Maersk Line and OOCL among its membership, which it says encompasses 60% of the industry's global capacity. The organization's goal is to act as a neutral contract arbiter for shippers and carriers in an attempt to prevent canceled bookings and cargo rolling. "Having our customer's commitment to show up with their cargo as contracted, allows us to optimize our network and more accurately plan our vessels, which in turn provides more cost effective and reliable services," Sundeep Sibal, senior vice president of Transpacific and Transatlantic trade at ONE, said in a statement.