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Every year, Lloyd’s List publishes two sets of market outlooks. One at the end of the year and one mid-way through.

Disruption and uncertainty have been synonymous with container shipping in recent years. So far, 2025 has seen more of the same and the only certainty at this stage is that this is unlikely to change through to December.

After last week’s episode brought you the outlook for the container market, this week we’re focussing on the tanker sector, with Lloyd’s List senior reporter Greg Miller.

Greg reflects on the escalating geopolitical tensions in the Middle East and examines their impact on the tanker market, while also offering a warning to those who think disruption can only be a good thing for the sector…