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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 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 patrol and escort vessels used in the waters offshore Nigeria and neighboring states. The company currently has 26 boats with a total price tag of about $60 million under construction in Cape Town.