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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 patrol and escort vessels used in the waters offshore Nigeria and neighboring states. The company cur...

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�...