May 17, 2020

Revealed: Top ten most valuable fleets in the world

Fleet
VesselsValue
valuable fleets
Shipping
Admin
3 min
VesselsValue reveals the world's most valuable fleets
The world’s most valuable global fleets have been revealed to be worth more than $516bn, according to VesselsValue’s yearly World Fleet Values Ranki...

The world’s most valuable global fleets have been revealed to be worth more than $516bn, according to VesselsValue’s yearly World Fleet Values Ranking

The top three countries are……(commentary from VesselsValue.com)

1. Greece - $99.58bn

Greek owners remain the dominant force in global shipping. The current value of their owned fleet stands at almost exactly $100bn, putting the country at the top of the table. The value is concentrated in the Tanker ($36bn), Bulker ($35.75bn), and LNG ($13.5) vessel types. Hellenic control of these markets stands at about 19% of the total worth of the fleets.

The strong commitment of Greek owners to the global shipping markets looks unlikely to change as others, such as Germany, are liquidating assets. The trend in Chinese ownership is rising, as state owned companies are consolidating and placing new orders. This is a reminder that there are always new challengers for the throne of peak market value. Greek owners, with their sharp focus on commercial results, should continue to lead the pack for the foreseeable future.

2. Japan - $89.1bn

Japanese companies are the second largest group of shipowners by value but remain in the same league as Greece. The country’s interests in the Dry Bulk and LNG segments are on par with the leader, but it does not have as much exposure to the tanker markets. Japanese refinery capacity has been falling since the late 2000’s, a trend that will continue as the country faces stiff competition from other Asian refiners. Japanese tanker owners continue to trade in the global markets, but growth will not come from domestic demand.

Japan is the top owner of LNG vessels by value, which is a strong strategic fit for its energy needs. Nuclear power remains under high scrutiny, and additional plants may shutter in the years ahead. This leaves natural gas and coal as the top alternatives for power generation. The high ownership of Dry Bulk and LNG vessels make the trading fleet well suited to match domestic consumption.

3. China - $83.5bn

China is nipping at the heels of the two countries that place above it in terms of total owned value. The stratospheric rise of the country’s economy since 2000 has had impacts on all shipping and commodity markets. The growth trajectory has slowed recently but remains a positive force for ton mile demand across all vessel types.

The Chinese share of global ownership should continue to move upwards over the next decade across all markets. The large amount of crude oil that is imported into the country is moving on an increasingly national fleet. This trend, combined with rising product exports should boost the number of tankers that come under owner’s umbrellas.

The best of the rest……

4. USA - $46.9bn

5. Norway - $44.9bn

6. Singapore - $42.8bn

7. Germany - $33.28bn

8. UK - $28.1bn

9. South Korea - $24.4bn

10. Denmark - $23.7bn

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Jun 15, 2021

FedEx is Reshaping Last Mile with Autonomous Vehicles

FedEx
Logistics
LastMile
AutonomousVehicles
3 min
FedEx is expanding a trial of autonomous vehicles in its last-mile logistics process with partner Nuro, including multi-stop and appointment deliveries

FedEx is embarking on an expanded test of autonomous, driver-less delivery vehicles to develop its last-mile logistics. 

The US logistics firm piloted autonomous vehicles from Nuro in April this year, and the pair will now explore that further in a multi-year partnership. Cosimo Leipold, Nuro’s head of partnerships, said the collaboration "will enable innovative, industry-first product offerings that will better everyday life and help make communities safer and greener". 

FedEx will explore a variety of on-road use cases for the autonomous fleet, including multi-stop and appointment-based deliveries, going beyond more traditional applications of the technology in single-route movement of goods from A-B. Exponential growth in ecommerce is spurring its broader experimentation in new autonomy solutions, Fed-Ex says, both in-warehouse and on-road. 

“FedEx was built on innovation, and it continues to be an integral part of our culture and business strategy,” said Rebecca Yeung, Vice President, Advanced Technology and Innovation, FedEx Corporation. “We are excited to collaborate with an industry leader like Nuro as we continue to explore the use of autonomous technologies within our operations.”

 

The changing role of couriers 

Unlike structured delivery networks, operating under long-term partnerships and contracts, agility is where couriers deliver true value - and their ability to deftly solve last-mile fulfilment has most acutely been felt during the pandemic. For the billions of people around the world forced to stay at home to protect themselves and their communities from the spreading COVID-19 virus, couriers have been a constant. They may have been the only knock at the door some people experienced for weeks or months at a time. 

But the last-mile has been uprooted by a boom in ecommerce, a shift that has been most apparent in the UK, US, China and Japan, according to the Global Parcel Delivery Market Insight Report 2021 by Apex Insight. These are markets with dominant economies and populations used to running their lives with a tap of a screen or double-click of a mouse. 

“Getting last mile delivery right has long been a challenge for retailers,” says Kees Jacobs, Vice President, Consumer Goods and Retail at Capgemini. “In 2019, 97% of retail organisations felt their last-mile delivery models were not sustainable for full-scale implementation across all locations. Despite increasing demand from customers, companies were struggling to make the last mile profitable and efficient.”

Jacobs says that the pandemic alleviated some of these stresses in the short term. With no other option, consumers were understanding and tolerant, if not entirely happy, with longer delivery times and less transparent tracking. “But, as extremely high delivery demand continues to be normal, customers will expect brands to contract their delivery times,” he adds. 

Last mile's role in ESG

Demand and volume weren’t the only things that have changed during the pandemic - businesses looked closer to home and as a result became more sustainable. Bricks and mortar stores were transformed from mini-showrooms to quasi-fulfilment centres. Online retailers and other businesses sought local solutions to ship more faster. In densely populated London, UK alone, Accenture found that delivery van emissions dropped by 17%, while Chicago, USA and Sydney, Australia saw similar emissions savings. 
 

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