Maersk Line joins NYSHEX as founding carrier member

Maersk Line joined NYSHEX as an investor on 23 January. 

NYSHEX aims to address the historic inefficiencies in ocean freight contracting to end overbookings, empty container slots or other imbalances that are costing the industry money.

With this Maersk Line joins both CMA CGM and Hapag-Lloyd as carrier founding members.

Along with Hapag Lloyd, CMA CGM, MOL, OOCL and COSCO, Maersk Line will begin posting digital contract offers for the Transpacific Westbound trade on the exchange as early as March of this year.

This marks a significant milestone for the company as it has now added six of the top global ocean carriers as members in the last nine months. These carrier members represent a combined 52% of global capacity and all three of the alliances: 2M, Ocean Alliance and THE Alliance.