Australian marine technology company to supply to Netherlands

Australian marine propulsion and gyro stabilisation company, VEEM has signed a contract with Netherlands-based Damen Shipyards to supply its latest gyrostabiliser, subject to successful sea trials.

Damen has been evaluating VEEM’s gyrostabiliser technology and its applicability to their range of marine platforms since 2015. Part of this evaluation included Damen developing sophisticated vessel simulation software, which confirmed the stabilisation advancements put forward by VEEM.

The contract forms part of a technical evaluation program that was previously announced in February this year. The sea trials component of the program commences in June and will involve taking two model VG260SD VEEM gyrostabilisers and fitting them to a 50m test vessel in the Netherlands for trials to be evaluated by Damen management and potential users of Damen ships.

VEEM’s managing director Mark Miocevich said the contract with an internationally renowned shipbuilder represented a significant milestone for VEEM.

“For Damen to now progress their prior exhaustive evaluation to sea trials and then if successful, the purchase of the VG1000SD, speaks volumes about the technology that VEEM has developed. From VEEM’s perspective these trials will be seen as a verification of what we already know,” he said.

The sea trials are expected to be completed by July 2018. Damen has also agreed to allow other potential customers of VEEM to be present on one day of the trials to allow them to also evaluate the VEEM gyrostabiliser. Simultaneously, VEEM will have its own test vessel, fitted with the VG120 gyro, operating out of Rotterdam to provide additional testing capacity for potential customers.

VEEM is a Perth-based marine propulsion and stabilisation system manufacturer serving the global luxury motor yacht, military, fast ferry, commercial workboat and tournament fishing boat industries.

In addition to its product offerings, VEEM also manufactures stabilising fins for the US Navy LCS vessel program, Austal Ships fast ferries, and both the Australian Naval and Customs Service Patrol Boat fleets.