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Ships under attack, oil spills, soaring tanker rates, punishing bunker bills, 20,000 stranded seafarers and 3,200 marooned vessels – just some of the takeaways from the first week of Operation Epic Fury, the Trump administration’s bid – in cooperation with Israel – to reduce the perceived threat posed by Iran. The ongoing war has led coverage at Splash all week long. A sanctioned Russian LNG tanker, Arctic Metagaz, sank in the central Mediterranean after suffering explosions and a subsequent fire. Russia’s transport ministry alleged the attack was carried out by “uncrewed sea drones”. Splash has reported on a series of other explosions over the past year in the Mediterranean, predominantly on crude tankers, linked to Ukrainian special forces with drones and limpet mines deployed. Offshore wind vessel owner Edda Wind entered into agreements for the potential sale of its entire fleet of service operation vessels (SOVs) and commissioning service operation vessels (CSOVs), including units under construction. According to a stock exchange filing from Wilh Wilhelmsen, the fleet is set to be split between two buyers: UK-based North Star, a portfolio company of Partners Group, and an affiliate of Navigare Capital Partners. Edda Wind was taken private in June 2025 by a consortium including John Fredriksen’s Geveran Trading, Idan Ofer’s EPS Ventures and Wilhelmsen New Energy. Maritime CEO’s annual outlook for the Year of the Fire Horse was published this week, in which reporters consulted hundreds of experts within the industry, as well as a Feng Shui master, to give readers a unique perspective on the driving factors for each of the main shipping sectors, while looking at the regulatory issues coming up, along with a deep dive on the environment. With so many technologies on the market, how do shipowners evaluate what is genuinely valuable? This week’s Splash Wrap podcast, carried below, carries useful advice. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); });
Splash Wrap: Iran front and centre
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