New York Shipping Exchange (NYSHEX) Email Format
Software DevelopmentNew York, United States51-200 Employees
NYSHEX is a New York-based software platform that provides a shared digital infrastructure to improve the fulfillment of ocean freight contracts. It aims to reduce the economic waste created by misaligned incentives and disconnected execution by coordinating allocations and plans among shippers, carriers, and NVOCCs, while cutting manual work. Its proactive performance management approach supports joint planning and delivers real-time alerts when shipments deviate from the agreed plan. Contracts linked to market indices are used to discourage carriers from cutting allocations when spot rates rise and to discourage shippers from shifting volumes when rates fall, promoting steadier execution. Founded in 2015 and based in New York, New York, the company operates in software development serving players in the ocean freight ecosystem. In 2024, NYSHEX announced a partnership with Intercontinental Exchange to launch new shipping rate indexes.