Stuart Mcvitty News Today

Vernon, B.C. based Bryton Marine Group, parent company to a group of aluminum boatbuilding firms, announced it has hired…

Piracy Surge in Atlantic a Boon for South African Boat Builder Aug 04 2021, 4:35 PM August 04 2021, 10:30 AM August 04 2021, 4:35 PM (Bloomberg) -- (Bloomberg) -- A proliferation of pirate attacks in the Gulf of Guinea, an expanse of the Atlantic Ocean stretching from Senegal to Angola, is driving a security-boat building boom in South Africa. Paramount Maritime Holdings, a unit of Africa’s biggest privately owned arms-maker, Paramount Group, says it has largely cornered the market for p...

Dirk Erasmus Paramount Maritime Holdings, a unit of Africa’s biggest privately owned arms-maker, Paramount Group. It has cornered the market for patrol and escort vessels and currently has 26 boats with a total price tag of about $60 million under construction in Cape Town However Paramount is facing  increasing competition from suppliers in Singapore and Israel. A proliferation of pirate attacks in the Gulf of Guinea, an expanse of the Atlantic Ocean stretching from Senegal to Angola, is dr...