Unlocking Efficiency: FGN’s ISO Tank Shipping Model

by | Apr 19, 2024 | Company News

In the dynamic world of international logistics, innovation is the key to staying ahead. As supply chains evolve, so do the strategies of the logistics service providers that support them.

As such, FGN is excited to introduce shippers to our expansion into the ISO tank logistics space with an innovative Non-Asset-Based ISO Tank Shipping Model. Let’s delve into what makes this approach a game-changer and how it can revolutionize the way we move liquids across borders.

The Traditional Model vs. The FGN Model

Traditional ISO Tank Operators

Traditionally, ISO tank operators have relied on owning or leasing their tank fleets. These asset-based models come with inherent limitations:

  1. Fixed Fleet: Owning a fleet means committing to a fixed number of tanks. While this provides stability, it lacks flexibility. What if demand fluctuates? What if certain routes become less profitable?
  2. Demurrage and Detention: Traditional operators often profit from demurrage (charges for delays at terminals) and detention (charges for exceeding agreed-upon time limits). Their incentive lies in keeping tanks stationary—a counterproductive approach for efficient logistics.
  3. Limited Competition: With a fixed fleet, there’s no room for competition among tank lessors. Operators are tied to their own assets, missing out on the benefits of ISO Tank market dynamics.
Our Non-Asset-Based Model

At FGN, we’ve taken a bold step away from the traditional playbook. Here’s how our non-asset-based ISO tank shipping model works:

  1. Agility and Adaptability: Instead of owning tanks, we leverage our customers’ and third-party tank leasing companies’ assets. This agility allows us to scale up or down based on demand. No more idle tanks—only active, revenue-generating ones.
  2. Competition Drives Efficiency: By tapping into external tank lessors, we create a competitive environment. Lessors vie for our business, leading to better rates, improved services, and increased efficiency. It’s a win-win for everyone involved.
  3. Focus on Movement: Our bottom line isn’t tied to demurrage or detention fees. We prioritize movement. When tanks move efficiently, everyone benefits—the shippers, the receivers, and our business.

Why Choose FGN for ISO Tank Shipping?

  1. Cost-Effectiveness: Without the burden of maintaining a fleet, we optimize costs. FGN’s lean structure translates to competitive pricing for our clients.
  2. Global Reach: With operations spanning North America, Europe, and the Asia-Pacific, we’re well-positioned to serve diverse markets. Our non-asset-based approach adapts seamlessly to regional nuances.
  3. Safety and Compliance: ISO standards are our guiding light. Whether it’s hazardous or non-hazardous liquids, our containers adhere to all required safety protocols.
  4. Volume Flexibility: Need to move a lot of product? Our ISO tanks, with a capacity of up to 26,000 liters, ensure swift liquid transport.

Join the Efficiency Revolution

As we promote our non-asset-based ISO tank shipping service, we invite you to be part of this revolution. Our goal is to move liquids efficiently, sustainably, and profitably. Contact FGN today to explore how our innovative approach can transform your supply chain.

Remember, in the world of logistics, adaptability is the new asset. Let’s ship smarter, together!

Written by Juli Herndon

April 19, 2024