TBB Global Logistics to offer container swaps

TBB Global Logistics to offer container swaps

   TBB Global Logistics said it has entered into a deal with a unit of the British brokerage firm to offer container freight swap agreements.

   Swaps “create opportunities for many businesses who were previously unable to take a more active approach to risk management in the ocean container market,” said Sam Polakoff, president and third-generation co-owner of TBB Global Logistics. “Due to the recent volatility of shipping markets and macroeconomic uncertainty, combined with the introduction of a benchmark index, this partnership will continue to differentiate TBB in the ever-changing global market.”

   Founded in Baltimore in 1946, the non-vessel-operating common carrier is headquartered in New Freedom, Pa., and provides domestic and international transportation management and supply chain services, including customized warehouse logistics, procurement, inventory management and reverse logistics.

   The swaps will be offered through ICAP Logistics, a unit of ICAP Energy.