Hapag-Lloyd, CMA CGM Join New York Shipping Exchange

The New York Shipping Exchange (NYSHEX) has finalized its Series A round of funding totaling USD 13 million, bolstered by major shipping lines.

Namely, Germany-based container carrier Hapag-Lloyd and French shipping major CMA CGM joined the investment round, along with additional investments from GE Ventures and Goldman Sachs.

“CMA CGM welcomes the digital innovation that NYSHEX is bringing to the container shipping industry. Digitalisation is essential to offering our customers new and differentiated products. This partnership is one more step in CMA CGM’s digital transformation, aiming to continuously create added value for its customers,” Rodolphe Saadé, CEO of CMA CGM, said.

Hapag-Lloyd, CMA CGM, MOL and OOCL are currently working with NYSHEX, the innovator of the first digital forward freight contract for global container shipping. The exchange will continue to bring on additional carriers to grow its service offerings and pursue future funding “to build a comprehensive global exchange.”

“It is best practice for participants of an exchange to also be investors in the exchange, and we are delighted to have CMA CGM and Hapag-Lloyd as shareholders, along with GE Ventures, Goldman Sachs and our other strategic investors. This demonstrates the industry’s confidence in the role that NYSHEX is playing in global shipping,” Gordon Downes, CEO of NYSHEX, said.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2018 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

TRANSTEC 2018

TRANSTEC 2018 welcomes participants to explore Russian Ports and Shipping development opportunities…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

The 27th World Gas Conference

The 27th World Gas Conference is the leading global industry event and is the definitive gathering of influential leaders, buyers and sellers, policy-makers and experts from around the world.

You will hear critical business insights and lively debates on the most topical issues facing the global gas industry today and in the future.

From 25-29 June 2018, Washington DC is expected to host 12,000 attendees, 500 speakers and 350 exhibitors representing, more than 600 companies from 100 countries.

Presented by the IGU, this is the largest and most high-profile gas event that is conducted by the industry for the industry.

Read More

read more >

SMM 2018

This is a must-attend event – a unique opportunity to meet key players, display business strengths, establish new contacts and exchange…

read more >