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NYSHEX takes digital ocean freight platform into China market

THE New York Shipping Exchange's (NYSHEX), digital ocean freight platform, wants to expand into China after last year's launch of its US service offerings, reports New York's FreightWaves

NYSHEX takes digital ocean freight platform into China market

THE New York Shipping Exchange's (NYSHEX), digital ocean freight platform, wants to expand into China after last year's launch of its US service offerings, reports New York's FreightWaves

27 March 2019 - 19:00

THE New York Shipping Exchange's (NYSHEX), digital ocean freight platform, wants to expand into China after last year's launch of its US service offerings, reports New York's FreightWaves.

The four-year old company is looking to add container booking contracts for Asia-to-Europe and intra-Asia liner services, according the company. This came after the company started offering container bookings for Maersk on China-US run last year.



NYSHEX offers carriers and forwarders the ability to book container space online. It is also developing a forward contract for shippers and forwarders to book committed space on container ships.



NYSHEX managing director Don Chen, who joined NYSHEX one year ago, is leading the platform's effort to market itself to Asia-based forwarders and carriers.



It was not immediately clear whether any local carriers or forwarders have signed on as yet to use NYSHEX for ocean shipping on non-US trade lanes. But Mr Chen said in a blog post the ability to book a firm ocean-shipping contract is an 'especially good fit' for forwarders and shippers with consolidated cargo from Asia.



'With the increasing demand for electronics from China, consolidated cargo is only going to grow, and NYSHEX provides the perfect solution for managing logistics suppliers' capacity and overall inventory,' he said.


WORLD SHIPPING

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