News of increased tariffs and threats of trade wars have been all over the front page in recent weeks. There have been claims that the U.S. trade deficit is a problem and that narrowing it is important for GDP growth. As a company enabling international shipping, we believe in more free trade, not less.
Happy Strategic New Year! The fireworks and dragons of Chinese New Year have passed, but for TPEB shippers based in the US, the excitement is only halfway through. Another new year and new season of challenges is fast approaching.
Today we announced the appointment of new members to our board of directors and the launch of our governing NYSHEX Member Council. This announcement follows the Federal Maritime Commission’s (FMC) December 2, 2017 approval of our governance model which enables us to maintain a fair, transparent and compliant process of ensuring the interests of our members.
Today we have made another significant announcement which demonstrates the container shipping industry’s support of the exchange. We are pleased to add Maersk Line as an investor in NYSHEX. With this, Maersk Line joins both CMA CGM and Hapag-Lloyd as carrier founding members.
Over the last year a lot has been written about who and what NYSHEX is and what container shipping problems NYSHEX is addressing through industry collaboration. There has been a lot of great press coverage from the JOC, a cover story in American Shipper’s February 2017 issue, and more recently Gordon Downes, NYSHEX CEO, was featured on MSNBC’s SquawkBox. NYSHEX has been called a marketplace and a […]
The U.S. export market was a hot topic this week in the news. For our U.S. Export members, this is good news since a strong harvest and growing export demand is good for the market.
When the organizers of the 2017 South Carolina Logistics Tech Talk invited NYSHEX to speak, I couldn’t resist the temptation to indulge in some of my favorite (Southern) things and may or may not have offered harmless bribes to team NYSHEX to send me.
In a recent JOC.com article, Peter Tirschwell, iHS Maritime & Trade’s Senior Content Officer, explored the impact rate volatility is having on carrier shipper relationships. The article, while not about NYSHEX, strikes at the heart of the problem that we have been fighting since our company’s inception: container freight rate volatility. In the article, Peter describes concerns from carriers and […]
Last spring I was sitting in a microeconomics class learning about Game Theory when one game caught my attention. The lecture began with a simple game in which two firms sell an identical product and the cost to produce that product is the same. Buyers in the market have no brand loyalty and will always buy from the cheaper firm. Firms set their prices simultaneously without knowing what price […]