Demand for mutually enforceable contracts helps NYSHEX land new funding

NYSHEX has landed its third funding round in 24 months, a $25 million investment that supports the notion the shipping industry is starting to embrace mutually enforceable contracts.

NYSHEX told JOC.com in late August that importers represent more than 70 percent of contracts signed using its technology, a huge shift since before the pandemic. Photo credit: Shutterstock.com.

NYSHEX has landed its third funding round in 24 months, a $25 million investment that supports the notion the shipping industry is starting to embrace mutually enforceable contracts.