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Shell to pay $110MM for "full and final satisfaction" of Nigeria oil spill suit worldoil.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldoil.com Daily Mail and Mail on Sunday newspapers.
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. ....