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Shiver me timbers: piracy surge in the Atlantic drives boom for SA boat builder

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. ....

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Next generation 35m flagship vessel launched

April 6, 2021
NAUTIC Africa, the Paarden Eiland based shipbuilder (a subsisary of Paramount Maritime Holdings) has launched its new flagship 35m Sentinel vessel, the second of the new enhanced class.
NAUTIC Africa, the Paarden Eiland based shipbuilder (a subsisary of Paramount Maritime Holdings) has launched its new flagship 35m Sentinel vessel, the second of the new enhanced class.
Following the successful completion of sea trials, the multi-purpose vessel is destined for the Gulf of Guinea where it will be utilised for International Oil Company (IOC)-related assignments as well as escourt patrols for larger vessels that have experienced an escalation of pirate attacks within 200 nm of the W African coastline. ....

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Nautic Africa launches next- generation 35 metre flagship Vessel

According to a news published on February 11, 2021 by Paramount Maritime Holdings, its subsidiary has announced the launch of its new flagship 35m Sentinel vessel, the second of the new enhanced class. ....

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Nautic Africa launches flagship 35 metre Sentinel vessel for Gulf of Guinea ops

defenceWeb
Written by Guy Martin -
A new Nautic Africa Sentinel vessel destined for West Africa.
Nautic Africa, a subsidiary of Paramount Maritime Holdings, has announced the launch of a new 35 metre Sentinel vessel, the second of a new enhanced class, which will enter service in the Gulf of Guinea for oil and gas company missions and escort patrols amidst rising piracy in the region.
Following the successful completion of sea trials, the multi-purpose vessel will head for the Gulf of Guinea, Paramount said on 10 February. It did not disclose the customer, but said the client is a licenced Nigerian company with a 100% indigenous holding, with a product range tailored to meet specific and general requirements of major international oil companies (IOCs) operating within Nigeria’s ‘Blue Economy’ such as Chevron, ENI, Exxon-Mobil, Shell, Total and Tullow. ....

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