The saying goes that a rising tide lifts all boats; does the same apply to ocean contracts? The New York Shipping Exchange (NYSHEX) says yes. The startup is on a mission to solve inefficiencies that often sink container shipping relationships.
Containerized freight contracts have become major issues as nonperformance — on both sides of the contract — is plaguing ocean freight. No matter what’s written in ink, poorly drawn contracts have led to a broad understanding in the maritime industry that...
https://www.freightwaves.com/news/nyshex-charts-course-for-calmer-contractual-waters