Through the investment Maersk has become what NYSHEX describes as a carrier founding member. “Today we have made another significant announcement which demonstrates the container shipping industry's support of the exchange,” NYSHEX said.
The exchange provides a digital “over-the-counter” freight forwarding contract and pre-accredited shippers and NVOCCs use the platform for free while container lines pay $5 per teu.
Maersk Line, Hapag-Lloyd, CMA CGM, Mitsui OSK Lines (MOL), OOCL, and Cosco will begin posting digital contract offers for the transpacific Westbound trade on the exchange as early as March of this year, the exchange said.
"Our investment in NYSHEX is another example of our commitment to be a key player in the industry's digital transformation. This platform will help us expand the range of digital products and services to ultimately enhance the customer experience," mentioned Peter Hildebrandt, head of revenue management for Maersk Line and future industry representative on the NYSHEX Member Council.
The six major container lines represent 52% of global container shipping capacity.
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