Clara Hernanz Lizarraga and Ivan Levingston

Business, Equipment, Logistics

Goldman-Backed Exchange Raises Cash to Expand Shipping Contracts

Shipping The Maersk Essex cargo ship docked at the Port of Los Angeles. (Bing Guan/Bloomberg News)

The New York Shipping Exchange, founded in 2015 by a former industry executive to make the container shipping market more efficient, is raising another $15 million to expand contracts that can help protect companies’ supply chains from price hikes and other uncertainties.

August 25, 2021