The New York Shipping Exchange (NYSHEX) announced on November 20, 2024, the first close of its Series C funding round. Intercontinental Exchange, Inc. is collaborating with NYSHEX to launch new freight rate indices.
This partnership aims to bring new data and analytics to the container shipping industry. The development of these indices will leverage ICE's expertise in financial data and benchmarks.
The collaboration expands ICE's presence in the global logistics and commodities markets. It provides new tools for market participants to manage risk and gain transparency in freight pricing.
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