FGN Company Blog
Autonomous Ships: The Future of Cargo Shipping?
The potential benefits to autonomous ships are many. They will obviously reduce crew expense and possibly reduce safety related costs. But as importantly, they will introduce efficiencies into operations by using data analysis to operate more efficiently in the myriad of sea and weather conditions that ships face on a daily basis. That in turn will save energy expense, which is the largest single cost driver in the ocean shipping business.
FGN Completes Incident Free Year
FGN Global Logistics is pleased to announce that we completed 2022 with a perfect safety record. We had no safety related service interruptions with any of the thousands of flexitank loaded containers we handled this year. Completing a calendar year without a single...
We Have Returned!
Today FGN Global Logistics returned to our Charleston based headquarters office with all staff in good health and ready to take on the rest of 2020. During our nine weeks away and working from our various homes, the company maintained its business, added some new...
FGN Status Update
We at FGN want to offer a quick status update, given the Covid-19 pandemic and the impact social distancing is having on the economy. FGN is financially strong. We remain on budget for 2020 and our customers continue to ship. Our cash position is normal and our...
“Forced Labor” Risk
As we all know, the coronavirus pandemic has had a huge impact on the Chinese manufacturing economy. However, last week the Chinese Communist Party declared that worst of their epidemic over and urged factory workers to return to their jobs. Not all did. A significant...
China Supply Chain Disruption
This article from the Economist details the effect of COVID-19 on Chinese supply chains – an effect we are already feeling at FGN Global Logistics. We source various elements of our flexitank systems from China and already vendors are telling us they cannot know when...
U.S. Applies 25% Tariff to Chinese Manufactured Flexitanks
Flexitanks imported into the United States from China are now subject to a 25% import tariff. This is a result of restrictions implemented by the Trump Administration after the recent breakdown of trade talks with the Chinese government. FGN moved our flexitank...
The Best Flexitank Available
Recently one of our customers put our flexitank through a rigorous testing protocol prior to awarding us their business. The results came back superior to any other tank they had ever tested. It reminded us that in a busy business, we often don’t do enough to let our...
The Annual “Another Good Year” Post
FGN Global Logistics continues to grow our business with great success. In 2017 we maintained our historical top line revenue growth at 40%. Unlike previous years however, innovation and scale efficiencies brought notable increases in profitability. Our constantly...