Nyshex closes latest funding round, launches shipping rate indexes

FreightWaves11-19

Nyshex is a facilitator of two-way committed ocean container shipping contracts, ensuring contract performance between carriers and shippers. (Photo: Jim Allen/FreightWaves) The New York Shipping ...

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(Photo: Jim Allen/FreightWaves)\n \n\nThe New York Shipping ...</p>\n\n<a href=\"https://finance.yahoo.com/news/nyshex-closes-latest-funding-round-050200505.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nyshex closes latest funding round, launches shipping rate indexes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNyshex closes latest funding round, launches shipping rate indexes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-19 13:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/nyshex-closes-latest-funding-round-050200505.html><strong>FreightWaves</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nyshex is a facilitator of two-way committed ocean container shipping contracts, ensuring contract performance between carriers and shippers. (Photo: Jim Allen/FreightWaves)\n \n\nThe New York Shipping ...</p>\n\n<a href=\"https://finance.yahoo.com/news/nyshex-closes-latest-funding-round-050200505.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2237443895.HKD","symbol_name":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/nyshex-closes-latest-funding-round-050200505.html","article_id":"2484662009","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/L4tMAM_32HXuBF9dfl4Z9g--~B/aD02NzQ7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/freightwaves_373/ca399f049a127491bc47aeb96f87cc94"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484662009","pubTimestamp":1731992520,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Nyshex is a facilitator of two-way committed ocean container shipping contracts, ensuring contract performance between carriers and shippers. . The New York Shipping Exchange  announced Tuesday it has closed on its latest funding round and that it’s working with Intercontinental Exchange Inc.  to launch new shipping rate indexes.Founded in 2015, Nyshex is a facilitator of two-way committed ocean container shipping contracts, ensuring contract performance between carriers and shippers on a shared digital platform. The exchange works to establish clear contract terms, providing an exception resolution process by a neutral third party.“We are delighted to have completed the first close of our Series C and to welcome ICE as a shareholder,” said Gordon Downes, CEO and co-founder of Nyshex, in a news release. “Our collaboration with ICE and the additional capital allows us to expand upon our services.”Exchange operator ICE  will act as the calculation agent for the freight rate indexes start","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2237443895.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) ACC","BK4504":"桥水持仓","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","GRO":"Brazil Potash Corp.","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","BK4112":"金融交易所和数据","BK4127":"投资银行业与经纪业","IE00BQXX3F31.USD":"GUINNESS GLOBAL INNOVATORS \"C\" (USD) ACC","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","IE00BQXX3C00.GBP":"GUINNESS GLOBAL INNOVATORS \"C\" (GBP) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","BK4550":"红杉资本持仓","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","LU0256863902.USD":"ALLIANZ US EQUITY \"AT\" (USD) ACC","BK4516":"特朗普概念","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","IE00BQXX3D17.EUR":"GUINNESS GLOBAL INNOVATORS \"C\" (EUR) ACC","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","LU2237443465.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) INC","LU0130517989.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU1153585028.USD":"BGF GLOBAL LONG-HORIZON EQUITY  \"A4\" (USD) INC","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","BK4585":"ETF&股票定投概念","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","IE00BFXG1179.USD":"BNY MELLON U.S. EQUITY INCOME \"B\" (USD) INC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","ICE":"洲际交易所","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","LU2237957902.USD":"NIKKO AM GLOBAL EQUITY \"F\" (USD) ACC","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","LU2237957811.SGD":"NIKKO AM GLOBAL EQUITY \"F\" (SGD) ACC","LU0661504455.SGD":"Blackrock Global Equity Income A5 SGD-H","LU0106831901.USD":"贝莱德世界金融基金A2","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","BK4588":"碎股","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU0738911758.USD":"Blackrock Global Equity Income A6 USD","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H"},"translate_title":"Nyshex完成最新一轮融资，推出运费指数","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GRO":1,"ICE":0.9},"content_text":"Nyshex is a facilitator of two-way committed ocean container shipping contracts, ensuring contract performance between carriers and shippers. (Photo: Jim Allen/FreightWaves)\n \n\nThe New York Shipping Exchange (Nyshex) announced Tuesday it has closed on its latest funding round and that it’s working with Intercontinental Exchange Inc. (ICE) to launch new shipping rate indexes.\nFounded in 2015, Nyshex is a facilitator of two-way committed ocean container shipping contracts, ensuring contract performance between carriers and shippers on a shared digital platform. The exchange works to establish clear contract terms, providing an exception resolution process by a neutral third party.\nThe Series C funding round was led by Collate Capital with participation from all of Nyshex’s other major investors, which include Goldman Sachs Alternatives, NewRoad Capital and Blumberg Capital. Details on the funding round were not disclosed. As of May, it had raised $68.8 million since inception, according to PitchBook.\n“We are delighted to have completed the first close of our Series C and to welcome ICE as a shareholder,” said Gordon Downes, CEO and co-founder of Nyshex, in a news release. “Our collaboration with ICE and the additional capital allows us to expand upon our services.”\nThe rate indexes will be transparently monitored, capturing “actual cargo moving rates.” Free access will be provided to all carriers, shippers and non-vessel-operating common carriers for contract indexing regardless of the index their contracts are linked to.\nExchange operator ICE (NYSE: ICE) will act as the calculation agent for the freight rate indexes starting next year. ICE operates several futures, equity and options exchanges, including the New York Stock Exchange.\nICE also participated in the latest funding round.\n“The container shipping industry is vital for global trade, yet it remains an inefficient and volatile market,” said Stuart Williams, chief operating officer at ICE. “For over two decades, ICE has worked with our customers to develop a network of liquid and interconnected markets that provide the price transparency and risk management tools needed to manage evolving supply chain and geopolitical risks.”\nNyshex is designed to allow supply chain managers to better manage costs, avoid blanked sailings and keep their freight from being rolled to future sailings. The platform helps carriers realize better asset utilization giving them more predictable revenue streams.\n“As we see the container shipping industry moving toward index linked contracts, there is a growing need for ways to hedge the volatility of container spot rates,” said Zach Fields, an investor on Goldman Sachs Alternatives’ growth equity team. “As we help our clients to manage their freight risk, we fully support NYSHEX in developing more robust indices that will benefit all shippers, carriers and NVOCCs.”\nMore FreightWaves articles by Todd Maiden\n\nFreight shipments, spend see no lift in October, Cass data shows\nLTL general rate increases buck pricing concerns for industry\nYellow shareholder loses bid to quash pension claims\n\nThe post Nyshex closes latest funding round, launches shipping rate indexes appeared first on FreightWaves.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484662009"}