An expert panel discussion at Global Energy Outlook Forum 2025 delves into 2025 shipping industry challenges, sanctions impacts, and geopolitical risks. Michelle Bockmann of Lloyd’s List Intelligence, David Wech of Vortexa, and Richard Bronze of Energy Aspects explore global trade dynamics, volatile markets, and the gray fleet. Moderated by Andy Critchlow of S&P Global Commodity Insights, the session covers threats to major shipping lanes, evolving sanctions, and economic implications amid US-China tensions and climate change.