NYSHEXBlog
NYSHEX Force Majeure Case Studies From COVID-19
Force Majeure remains a hot topic for everyone right now. You might be surprised however, to learn just how low the number of legitimate Force Majeure defaults has been for NYSHEX shipments throughout the current COVID-19 pandemic. NYSHEX members can trust that those two words aren’t taken lightly, and simply stating Force Majeure after a default does not automatically indemnify a party.The Original Sin of Shipping
“If there is one original sin of the industry, it’s a fundamental lack of integrity in freight contracts.” I wish I could take credit for it, but I can’t. This accurate quip by Peter Tirschwell came about during a JOC interview with our CEO, Gordon. Indeed, so many of the inefficiencies that plague shippers and carriers today stem from that tempting tree and its fruit that we all tasted. Now, […]Block Deals Inspired by Equity Markets Are Transforming Shipping
Transitioning from 15 years of working for an ocean carrier to a financial technology company, I had a lot to learn about Wall Street, exchanges, and how markets function. I mean, I’m a business major with a well-performing E*trade account, but even after three years in the Financial District with NYSHEX, I still have aha moments as I observe firsthand, the fundamentals of financial exchanges […]The F-word on Everyone’s Lips Right Now
In light of the current situation with COVID-19, the term “Force Majeure” has been getting thrown around a lot lately.International Women’s Day Spotlight
We have an epic team at NYSHEX! To celebrate International Women’s Day, we interviewed two of our powerhouse NYSHEX women to ask them their thoughts about the future and what they would say to the next generation of women in shipping.De-Risking Your Supply Chain: Protecting Against Pandemic Panic
It would be unwise to approach the Coronavirus or COVID-19 with anything less than caution and vigilance with more than 126,000 confirmed cases and almost 4,600 deaths globally to date. We’re witnessing in real-time, the impact of the virus’s spread; from travel bans, empty retail shelves, complete lock-downs and the cancellation of gatherings like TPM20. As the virus, and the associated fear, […]NYSHEX Now Supports Service Contracts
Today is an exciting day!New NYSHEX Enhancement Now Guarantees Direct Service Contracts
Direct carrier-shipper global ocean contracts, based on two-way enforcement commitments, are digitally monitored for performance and exceptions resolved
The Top Five Use Cases for NYSHEX
Team NYSHEX was over the moon to end 2019 with 374% growth. For us, it was another confirmation that our members are finding true value in guaranteed contracting! In fact, we frequently hear, “we should have done this sooner?”
