Naval Vessels News

As the war between Ukraine and Russia rages on, the Black Sea has become a hotbed for naval operations, with Ukraine pioneering the use of naval drones in its fight to reclaim the Crimean Peninsula. These drones have emerged as a potent tool in disrupting Russian naval dominance, particularly around Sevastopol, the home base of Russia’s Black Sea Fleet.Ukraine's use of unmanned naval drones marks a significant shift in naval warfare. These drones are capable of targeting large warships, as demonstrated in the October 2022 attack on Russian vessels docked in Sevastopol.

EDGE Group, a United Arab Emirates-based advanced technology and defense group, and Fincantieri, one of the largest shipbuilders in the world, have entered into a term sheet aimed at creating a joint venture (JV) that will focus on the manufacturing of a broad range of sophisticated naval vessels.EDGE will hold a 51% stake in the venture, which has a commercial pipeline valued at approximately $32.4 billion (€30 billion), with management direction provided by Fincantieri.The Abu Dhabi-based JV will be awarded prime rights to non-NATO orders…