The New York Shipping Exchange has added Hyundai Merchant Marine to its carrier network.

According to NYSHEX, HMM will begin posting offers on the exchange on August 6, 2018 for the westbound trans-Pacific Westbound trade.

“We are thrilled to welcome HMM as a carrier member of the exchange who joins our other carriers in bringing a virtuous cycle of reliable bookings and services to global shippers,” said Gordon Downes, CEO of NYSHEX. “As an innovator in reliability and technology, HMM provides our shipper members with additional service options at an ideal time as new routings and new trade lanes are being added daily. Global shippers of all types are welcoming the value of NYSHEX’s free membership and unlocking the benefits of reliable digital contracting via the exchange’s easy-to-use digital framework.”

HMM will now be able to offer a product which gives shippers the ability to agree on and control their costs upfront. When contracting via NYSHEX, shippers will receive a secure space and equipment commitment from HMM which guarantees the transport of their shipment.

“We are committed to delivering reliability, differentiation and options to our customers,” said Lawrence Burns, senior vice president of trades and sales at Hyundai Merchant Marine. “HMM is focused on digital solutions that allow our customers to work online similar to how they live their daily lives. NYSHEX has created an easy to use healthy industry solution that significantly reduces inefficiencies, contracting complexity with a fixed all-in rate and delivers unmatched reliability for our customers’ global shipments. NYSHEX can be a powerful and meaningful outlet to access mutually committed service with our customers.”

HMM joins CMA CGM, COSCO, Hapag Lloyd, Maersk Line and OOCL as shipping line members of NYSHEX, where over 52% of global capacity is now represented.