Maersk Line joins NYSHEX trading platform

The Maersk ship Adrian Maersk is seen as it departs from New York Harbor in New York City, U.S., June 27, 2017. REUTERS/Brendan McDermid

Maersk Line has joined the New York Shipping Exchange (NYSHEX), a digital platform providing the global shipping industry with the ability to trade freight digitally, and offering a new standardized digital freight contract.

“We are very pleased to have Maersk Line join NYSHEX as a founding member. Maersk Line has been a pioneer of many digital initiatives, and we are delighted to be working together in digitizing the freight contracting process, as well as improving shipment reliability. With each additional carrier that joins the exchange, our members benefit from more offerings and services to choose from,” Gordon Downes, CEO of NYSHEX, 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,” Peter Hildebrandt, Head of Revenue Management for Maersk Line and future industry representative on the NYSHEX Member Council, said.

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