The world’s largest shipping line says it has changed its ways and is no longer playing the spot market, instead going steady with long-term partners.
Kaylee Nix and Michael Vincent explore the failures of the Texas energy grid and learn about the benefits of two-way shipping contracts on this episode of Midday Market Update.
Gordon Downes, CEO of New York Shipping Exchange, joins Ocean Audit’s head Steve Ferreira to chat about structural changes in container shipping and the place two-way committed contracts have in the industry.
NYSHEX aims to eliminate ambiguity from containerized freight contracts. ‘We make it crystal clear exactly what the carriers and shippers are going to do.’
