News / Contract season in limbo as carriers eye conditions for a Red Sea return

© Rasmus Ursem

The Asia-Europe shipping contract season appears stuck in limbo, with shippers having delayed proceedings as they wait to see if the Israel-Hamas deal holds and the Red Sea becomes safe to use.

Speaking to the Freight Buyers Club podcast, Philip Damas, head of supply chain advisors practice and MD of Drewry Shipping Consultants, said he had seen some European importers postpone tenders as they seek to get a handle on 2025’s market.

“They have been hoping all along ...