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The Danish integrated shipping company, Maersk has just posted ‘blockbuster Q2 results’ beating its Q1 ‘best quarter ever’ to reach $5.1 billion on revenues of $14.2 billion. The company’s full-year guidance is now double what it was at the start of the year, having raised its EBITDA estimates to somewhere …
Read More »China Shipping Crisis | The Entertainer urges consumers to get their Christmas shopping early
With shipping from China reaching a crisis point that has seen costs skyrocket to all time highs amid a shortage of containers within the global supply chain, the UK’s independent toy retailer, The Entertainer is making its message to the consumer clear. Costs, shortages, and delays have hamstrung companies across …
Read More »Settlement agreed to release container ship the Ever Given this week
A settlement has been reached between the Suez Canal Authrity and the owners and insurers of the Ever Given that will finally see the container ship released and allowed to sail on July 7th. The SCA has held the ship and its crew in a lake between two stretches of …
Read More »Container shortages and sky-high prices ‘could persist for several more months’, warns logistics firm
Shipping container shortages and voyage cancellations could persist for ‘several more months’, impacting the soaring freight rates further with peak sales season just around the corner and port congestions in Europe, the US, and China still ongoing. This is the latest warning to be issued by the Taiwanese branch of …
Read More »60 per cent of British suppliers hit by shipping delays this summer, says KlearNow
Around 60 per cent of British suppliers, including those of garden toys, games, and other outdoor equipment, have experienced import delays in the past month, according to the customs clearance platform, KlearNow that could eat into demand over the coming summer months. Based on findings uncovered from interviews with 300 …
Read More »The BTHA calls for Government intervention to ease UK ports and ‘save the festive season’
The British Toy and Hobby Association and the British Retail Consortium are calling on the Government to intervene at British ports where congestion caused by Covid and a backlog of PPE has left shipments of toys and gifts unlikely to be delivered in time for Christmas. The BTHA is among …
Read More »OPINION: Out of the frying pan – Are we oven-ready or heading for the fire?
Covid-19 vaccines are beginning to be rolled-out, shops have re-opened, and Christmas shoppers continue to spend their money on toys. It really does look like there’s a light at the end of this long, winding tunnel. But, asks Kids Brand Insight’s Steve Reece, with chaos at the ports and Brexit …
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