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The Government claims that Royal Mail needs a massive injection of capital to adapt to the changing world of postal delivery. As letters have been replaced by emails and texts, the organisation’s core business has suffered. Meanwhile, the boom in online shopping has led to a big increase in parcel delivery and the Government says that Royal Mail needs cash to invest in new technology in order to process more parcels and to compete with private delivery firms.
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Constructing one tanker, which could be more than 600 feet long and nearly 200 feet wide, can cost upwards of $100 million. Once they are up and running, the ships more than earn their keep. Transport companies pay up to $100,000 per day over a five-year contract to lease them.

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