The New York Shipping Exchange (NYSHEX) is the market created by and for the shippers, freight forwarders and carriers in the global ocean transport industry. Through fair practices, inclusivity and the introduction of the first forward freight contract, NYSHEX provides the alternative to the unpredictable spot market and volatility of freight rates. More than a platform or software, NYSHEX is an institution desired by every interest within the industry, a true market that could turn the industry's inefficiency into a $32 billion economic opportunity. NYSHEX's lofty goals are anchored by innovations that give carriers the ability to offer 'all-in' contracts to shippers and forwarders that specify volume, departure date, and destination while enabling shippers to enter into fully enforceable contracts that can be exited, if necessary. Efficient, accessible and fair, the NYSHEX launches a new era in global ocean transport, in the same city where container shipping itself was born.

Key Contact

Funding Events

Date	Amount	Type	Investors	Valuation
03/22/17	$8,500,000	Series A	Blumberg Capital GE Ventures Goldman Sachs Tectonic Ventures	undisclosed