• ITVI.USA
    16,030.520
    117.340
    0.7%
  • OTLT.USA
    2.809
    0.016
    0.6%
  • OTRI.USA
    22.220
    -0.080
    -0.4%
  • OTVI.USA
    16,016.550
    115.560
    0.7%
  • TSTOPVRPM.ATLPHL
    2.950
    -0.570
    -16.2%
  • TSTOPVRPM.CHIATL
    3.610
    0.650
    22%
  • TSTOPVRPM.DALLAX
    1.370
    -0.240
    -14.9%
  • TSTOPVRPM.LAXDAL
    3.550
    0.210
    6.3%
  • TSTOPVRPM.PHLCHI
    2.320
    0.220
    10.5%
  • TSTOPVRPM.LAXSEA
    4.110
    0.250
    6.5%
  • WAIT.USA
    126.000
    0.000
    0%
  • ITVI.USA
    16,030.520
    117.340
    0.7%
  • OTLT.USA
    2.809
    0.016
    0.6%
  • OTRI.USA
    22.220
    -0.080
    -0.4%
  • OTVI.USA
    16,016.550
    115.560
    0.7%
  • TSTOPVRPM.ATLPHL
    2.950
    -0.570
    -16.2%
  • TSTOPVRPM.CHIATL
    3.610
    0.650
    22%
  • TSTOPVRPM.DALLAX
    1.370
    -0.240
    -14.9%
  • TSTOPVRPM.LAXDAL
    3.550
    0.210
    6.3%
  • TSTOPVRPM.PHLCHI
    2.320
    0.220
    10.5%
  • TSTOPVRPM.LAXSEA
    4.110
    0.250
    6.5%
  • WAIT.USA
    126.000
    0.000
    0%
FreightWaves TVNavigate B2BNews

What is the New York Shipping Exchange? Navigate B2B (with video)

Steve Ferreira and Gordon Trouncer Downes walk through the ins and outs of NYSHEX 

Steve Ferreira breaks down the NYSHEX with its founder and CEO.

The New York Shipping Exchange (NYSHEX) is a solution developed for the ocean freight industry by its stakeholders. It’s a resource to gain an understanding of the current market space and to give companies reliable access to digital contracting. 

In this episode of Navigate B2B, host Steve Ferreira, the founder and CEO of Ocean Audit, brings on the CEO of NYSHEX, Gordon Trouncer Downes, to discuss how it helps navigate the “antiquated” world of ocean freight contracting. 

Downes says NYSHEX solves contracting problems by:

  • Collaborating among leading stakeholders in the maritime industry.
  • Keeping terms of contracts made between carriers and shippers clear.
  • Providing the technology for both parties to know if they are on track with contract agreements.
  • Getting involved with managing exceptions in contracts when things go wrong.

Following 374% year-on-year growth, NYSHEX recently raised $13.5 million in additional financing to expand its offerings to shippers, according to Ferreira. With this latest funding, NYSHEX has raised approximately $30 million.
You can find more Navigate B2B recaps and recaps for all our live podcasts here.

Kaylee Nix

Kaylee Nix is a meteorologist and reporter for FreightWaves. She joined the company in November of 2020 after spending two years as a broadcast meteorologist for a local television channel in Chattanooga, Tennessee. Kaylee graduated from the University of Oklahoma in 2018 and immediately made the Tennessee Valley her home. Kaylee creates written summaries of FreightWaves live podcasts and cultivates the social media for FreightWaves TV.

We are glad you’re enjoying the content

Sign up for a free FreightWaves account today for unlimited access to all of our latest content

By signing in for the first time, I give consent for FreightWaves to send me event updates and news. I can unsubscribe from these emails at any time. For more information please see our Privacy Policy.