New York Shipping Exchange’s Customers

See why customers chose New York Shipping Exchange's products and services. New York Shipping Exchange's customers include The Maersk Group.

TG

The Maersk Group (CPH: MAERSK-B), aka A.P. Moller–Maersk Group, is a Danish business conglomerate, integrated transport, and logistics company that is…

We typically see a historical market increase in August and September as shippers ramp up for their holiday buying season...Combine that with the reduction in capacity shippers are experiencing from many carriers in the trade, uncertainty around the impact on imports out of China because of the tariff issues and overall higher than expected year to date volumes — and you have the makings for a strong peak season.

Over the course of the past year, we have been working closely with NYSHEX on our export pilot focusing on grain contracts...The pilot proved to be successful for both Maersk Line and the NYSHEX member customers. We were able to offer specific contracts to the market. Our customers went on to purchase thousands of TEUs and they shipped their contracts in full.

We have decided to optimize our space by placing contracts from China to the U.S. on NYSHEX, to allow our customers and other shippers the option of contracting via NYSHEX. It gives them an alternative to secure additional guaranteed space in addition to their existing carrier contracts.

Given the strong peak this year, the ability for shippers to lock in guaranteed space and equipment from these top tier innovative carriers can alleviate the nightmare of airfreight or stock outs.

With the feedback we’re getting, we can see it is promising. We’ll know more in the coming weeks with contracts secured and bookings being fulfilled.

Matt Hill
head, The Maersk Group

New York Shipping Exchange’s Partnerships

Partnership Start Date

8/21/2017

CMA CGM is a container shipping company operating a fleet of vessels. The group aims to serve ports around the world. It is based in Marseille, France. show less

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