Fincantieri, Edge ink deal to Develop Underwater Solutions
;and Edge sign a MoU to develop underwater solutions through the MAESTRAL joint venture. The MAESTRAL JV will be in charge of the design, development and construction of underwater systemsThe official signing took place in Rome, as part of the state visit to Italy by the President of the United Arab Emirates, Sheikh Mohamed bin Zayed Al Nahyan.Fincantieri, one of the world's leading groups in highly complex shipbuilding, and EDGE, one of the world's leading advanced technology and defense groups, today announced the signing of a new Memorandum of Understanding (MoU) that expands and strengthens
EDGE and Fincantieri Deepen Partnership for Underwater Protection Solutions
design, development and creation of unmanned systems for critical underwater infrastructure protection and seabed mapping, next-generation submarines, drone-carrier ships, and lightweight torpedoes.The MoU is based on both companies collaborating to develop underwater technologies, supporting the United Arab Emirates (UAE) in becoming a regional pioneer in underwater technology innovation.The agreement comes amidst a rapidly evolving landscape for national defense. New threats and vulnerabilities are changing global dynamics, intensifying geopolitical rivalries, and increasing demand for investment in
Underwater Sabotage: A Baltic Sea Timeline
such incidents.Finnish police said on December 29 they had found tracks on the seabed where they suspect the Eagle S of damaging the cables, and investigators later recovered a lost anchor they said was believed to belong to the ship.A Finnish court has rejected a request by the ship's owner, United Arab Emirates-based Caravella LLC FZ, seeking the release of the ship.NOVEMBER 2024: BALTIC TELECOM CABLESTwo undersea fiber-optic communications cables located more than 100 nautical miles (about 200 km) apart in the Baltic Sea were severed on November 17 and 18, raising suspicions of sabotage.Investigators
Subsea Sabotage in the Baltic Sea - a Timeline for Perspective
The Kremlin said the same day that the ship's seizure was of little concern to it, and Russia has previously denied involvement in such incidents. Finnish police said on Dec. 29 they had found tracks on the seabed where they suspect the Eagle S of damaging the cables. The owner of the Eagle S, United Arab Emirates-based Caravella LLC FZ, on Dec. 30 filed a request with the Helsinki District Court seeking the release of the ship. This was rejected on Jan. 3, 2025.(Reuters
Unique Group Acquires Subsea Innovation
acquired subsea technology and equipment manufacturer Subsea Innovation. The deal elevates Unique Group’s global engineering capabilities, enhances its portfolio and further strengthens the organization’s focus on engineering excellence and technology development.Headquartered in the United Arab Emirates, Unique Group has a global workforce of more than 600 employees across 18 locations. Renowned over three decades for the company’s excellence in subsea technologies including Survey Equipment, Diving & Life Support, Buoyancy & Water Weights, Unmanned Surface Vessels, and Lifting
FET and Safeen to Collaborate on Development of Electric Thrusters for ROVs
will be subject to extensive cycle testing to fully validate functionality, durability and integration capabilities with existing ROV systems. The trials are also expected to ensure smooth deployment and operation.The collaboration will enhance the performance, efficiency, and reliability of the United Arab Emirates headquartered company’s underwater services capabilities. The thrusters will be tailored specifically to the requirements of Safeen’s submersibles, delivering an optimal solution to the challenging marine operations in which it operates.The development of the thrusters will be
Fincantieri and EDGE to Launch JV for Naval Vessels Construction
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, especially leveraging on the attractiveness of UAE G2G
Jumbo Offshore Appoints Middle East Partner as it Eyes Regional Expansion
Jumbo Offshore has signed a memorandum of understanding (MoU) with Sea Horizon Offshore Marine Services, which will act as its representative in the Middle East region.Sea Horizon Offshore, with its broad network of local partners, will represent Jumbo Offshore to potential clients in the United Arab Emirates (UAE), Qatar, and Saudi Arabia.Its scope will also include commercial representation, supporting operations and providing project management on behalf of Jumbo Offshore during project execution in the region.The MoU paves the way for Jumbo Offshore to provide increased support to the considerable
New Dive Support Vessel Delivered to ADNOC
The United Arab Emirates' Abu Dhabi National Oil Company (ADNOC) has taken delivery of ADNOC MD 01, the first in a series of two new dive support vessels.The aluminum catamaran was designed by Canadian naval architects Robert Allan Ltd. and built by Grandweld Shipyards in Dubai for local diving operations in the UAE.ADNOC MD 01 and its to-be-delivered sister vessel were designed and constructed to the following notation: BUREAU VERITAS 1 ✠ HULL • MACH, SPECIAL SERVICE, FAST DIVING SUPPORT, SEA AREA A2.Propulsion machinery consists of two Baudouin 12M26.3 main engines, 1030 kW at 2100 rpm and
February 2025
