Tag Archives: ammunition

ammunition: Latest News

  • Weapons Buildup, Anger Fuel Threat Of Renewed Somali Piracy

    Somali piracy By Reuters, 9:38 pm

    Monday’s hijack followed a long hiatus, with only 4 unsuccessful attempts in the past 3 years. The lull encouraged foreign fishing vessels to return to Somali waters. Now shipping companies are scrambling to learn if pirates will once again threaten one of the world’s most important shipping lanes and cost the industry billions of dollars. Locals are infuriated at government failure to crack down on foreign fishing vessels. The last straw was when 7n Thai fishing vessels paid the local government more than $672,000 for fishing licences, A Bosasso-based weapons dealer said orders have increased for rocket-propelled grenades, machine guns and ammunition.

  • 12 Things You Should Know About Africa’s Largest Private Arms Maker

    Ivor Ichikowitz By Dana Sanchez, 3:21 pm

    Ivor Ichikowitz makes selling military hardware sound like a moral crusade. He believes the deals he brokers make Africa a safer place. Industrialist, venture capitalist, philanthropist — those are some of the names people call the founder and chairman of Africa’s largest privately owned arms company. Just don’t call him an arms dealer.

  • China Sells Weapons To South Sudan Amid Civil War, Famine

    By Kevin Mwanza, 5:41 am

    China is selling $38 million worth of missiles, grenade launchers, machine guns and ammunition to South Sudan’s government, even as it pledges to help end a civil war in the country now on the brink of famine. China North Industries Group Corp., the nation’s biggest arms manufacturer known as Norinco, shipped a consignment of weapons to the East African nation last month, according to marine-insurance documents sent to Bloomberg by an industry representative and confirmed by the broker handling insurance for the shipment.

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