"NYSHEX is the alternative that shippers, carriers, and NVO’s can all effectively and easily exercise to increase the reliability of their supply chains. Reliability in the market has deteriorated and the traditional “roll vs. spot” i.e. pay to play, has become either less effective, or more expensive. Having a guaranteed, digital contract, managed and enforced by a neutral third party is an innovative solution to an age-old industry problem."
"The CMA CGM group has a heavy interest in what the digital future looks like for container shipping. We believe that digital innovation enables us to provide new options to our customers making it easier to do business with us. This is why CMA CGM made the founding member investment in NYSHEX."
Gordon Downes is the CEO of New York Shipping Exchange, Inc. Gordon has well-balanced perspective from all sides of the shipping industry. Prior to joining NYSHEX, Gordon was an executive at SABMiller, a large multi-national shipper. He has also held numerous leadership positions at Maersk Line, the world's largest shipping line, and DAMCO, a global freight forwarder.