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VEEM Gyro

VEEM Ltd recognised as top innovator for 2018

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VEEM Ltd has continued to push the boundaries of manufacturing and technology innovation for the last 50 years, and what better way to celebrate their 50th anniversary than being welcomed into the Financial Review’s Most Innovative Companies list for 2018. 

Published annually by The Australian Financial Review, the prestigious list is based on a rigorous assessment process managed by Australia’s leading innovation consultancy, Inventium, in conjunction with a panel of industry expert judges. The full Top 100 list can be viewed here.

VEEM was nominated for the world-leading series of Gyro Stabilizers, which can be viewed here, and ranked 49th on the list, from over 1,000 nominated organisations across Australia and New Zealand.

The assessment measures a top innovation implemented in the past twelve months. Specifically, the judges look at how valuable the problem is that the innovation is solving, the quality and uniqueness of the solution, and the level of impact that the innovation has had.

The technology and innovation behind the VEEM Ltd series of Gyrostabilizers is world-leading. A marine gyro stabilizer is a device for reducing the rolling of boats and ships in waves. This reduces and eliminates the effects of sea sicknesses, and allows vessels to work safely when required, such as superyachts, sea rescue, crew transfer boats and large naval and offshore vessels.

Discover the VEEM Gyro range here. 

Global Shipbuilding giant, Damen Shipyards group confirms successful sea trials of VEEM gyrostabilizers

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GLOBAL SHIPBUILDING GIANT DAMEN SHIPYARDS GROUP CONFIRMS SUCCESSFUL SEA TRIALS OF VEEM GYROSTABILIZERS

 

  • Game-changing recognition for VEEM’s world leading Gyrostabilizers
  • Damen is Europe’s 2ndlargest shipbuilder with more than 200 new vessels annually
  • Ampelmann is the market leader in motion compensated gangway systems
  • Negotiations underway to confirm initial orders for the largest VEEM VG1000SD Gyrostabilizers for Damen’s new Fast Crew Supplier 7011

 VEEM Ltd (ASX: VEE), Australian-based manufacturer of propellers, fin systems, gyrostabilizers and specialist components for the super yacht, aerospace, oil and gas and defence industries, is pleased to advise thatDamen Shipyards Group, one of the world’s largest shipbuilders, has announced the successful results of sea trails utilising VEEM Gyrostabilizers on board a Damen Fast Crew Supplier vessel.

Over two days in June, Damen and Ampelmann hosted international delegates from the offshore renewable and non-renewable industries on board a Damen Fast Crew Supplier 5009 fitted with two VEEM VG260SD Gyrostabilizers and equipped with the latest Ampelmann L-type motion compensating gangway.

VEEM Chairman Brad Miocevich, who attended the trials off IJmuiden Port in the Netherlands, said the performance of the VG 260SDs exceeded Damen’s expectations.

“It was impressive to see the new Damen, Ampelmann, VEEM combination working so seamlessly,”      Mr Miocevich said.

“We are very excited to receive Damen’s confirmation that they would now like to proceed to the purchase phase and confirm commercial requirements and delivery dates for us to supply VEEM’s largest gyrostabilizer, the VG1000SD, for the new Damen FCS 7011.”

Damen Business Development Manager David Stibbe said “Damen’s new 70-metre FCS 7011 fitted with the VEEM VG1000SD Gyrostabilizer would achieve roll reduction of up to 75% in 2.5m waves”.

One of the advantages of VEEM gyrostabilizers, is that the amount of roll reduction can be specified for each individual application. Testing of the VEEM VG260SD Gyrostabilizers on the FCS5009 proved to be a great success with a roll reduction of 35-40%, which had been specified.

“One of the many interesting features of the sea trials was demonstrating the gyrostabilizers being switched on and off at the push of a button. This enabled those witnessing the sea trial to appreciate the immediate positive effect VEEM Gyrostabilizers have on the vessel’s roll motion.” said David Stibbe

Ampelmann Crew Change Market Manager Wiebe Jan Emsbroek said the combination of VEEM Gyrostabilizers and the latest Ampelmann motion compensating gangway system on a Damen Fast Crew Supplier marks a step change for marine access solutions.

“The vision of Ampelmann is to make offshore access as easy as crossing the street,” Mr Emsbroek said. “These sea trials clearly show the need to have partners to deliver a single solution for safe and efficientpersonnel transfer.”

VEEM Managing Director Mark Miocevich said, “The anticipated orders are an exciting milestone on the Company’s path to widespread global acceptance of VEEM Gyrostabilizers as an essential component of ship design.”

“To have a shipbuilder of the calibre of Damen place orders for VEEM gyros heralds a new phase in our growth.”

Mr Miocevich said “Gyrostablizers will become commonplace on new vessels in the marine industry once the advantages of the technology become widely known. Another great thing about VEEM gyros is they can be retro fitted easily into older vessels with minimal engineering.”

For video of the Damen sea trial visit https://vimeo.com/276695001/0fb4bf8a53

To read the Damen announcement visit https://www.damen.com/en/press-and-media

 

 

About VEEM

VEEM Ltd (ASX:VEE) is a market leading manufacturer of stabilizers for super yachts, offshore work vessels and patrol boats. VEEM Gyro stabilizers reduce the rolling motion of vessels in waves, increasing on-sea time and improving personnel safety in a wide range of ocean conditions. VEEM is also a successful producer of propellers, fin systems and specialised components for the aerospace, oil and gas, and defence industries. Proudly headquartered in Perth, Western Australia, VEEM operates from a 10,500sqm purpose-built fabrication and manufacturing facility, including Australia’s largest non-ferrous foundry. We employ 180 staff in Australia, including graduates and apprentices, and maintain a highly skilled research and development team in-house. Celebrating our 50th anniversary in business in 2018, VEEM was listed on the Australian stock exchange in 2016.

www.veem.com.au

Damen Shipyards Group

Damen Shipyards Group operates 34shipbuilding and repair yards, employing 10,000 people worldwide. Damen has delivered more than 6,000 vessels in more than 100 countries and delivers some 160 vessels annually to customers worldwide. Based on its unique, standardised ship-design concept Damen is able to guarantee consistent quality.

Damen’s focus on standardisation, modular construction and keeping vessels in stock leads to short delivery times, low ‘total cost of ownership’, high resale values and reliable performance. Furthermore, Damen vessels are based on thorough R&D and proven technology.

Damen offers a wide range of products, including tugs, workboats, naval and patrol vessels, high speed craft, cargo vessels, dredgers, vessels for the offshore industry, ferries, pontoons and superyachts.

For nearly all vessel types Damen offers a broad range of services, including maintenance, spare parts delivery, training and the transfer of (shipbuilding) know-how. Damen also offers a variety of marine components, such as nozzles, rudders, winches, anchors, anchor chains and steel works.

Damen Shiprepair & Conversion (DSC) has a worldwide network of eighteen repair and conversion yards of which twelve are located in North West Europe. Facilities at the yards include more than 50 floating and (covered) drydocks, the largest of which is 420 x 90 metres, as well as slopes, ship lifts and indoor halls. Projects range from the smallest simple repairs through Class’ maintenance to complex refits and the complete conversion of large offshore structures. DSC completes around 1,300 repair and maintenance jobs annually, both at yards as well as in ports and during voyage.

www.damen.com

 

About Ampelmann

Ampelmann is the industry leader in providing safe Walk to Work services and solutions for the global offshore energy industries. Headquartered in the Netherlands, the company currently operates a fleet of more than 60 operational systems in Europe, Africa, Asia Pacific, the Americas and the Middle East. Its innovative and reliable transfer and cargo solutions are designed and tailored to meet the needs of the ever changing offshore industry. Founded in 2007, the company has a proven track record of more than four million safe people transfers, more than eight million kg cargo transfers and 250 projects worldwide. www.ampelmann.nl

First VEEM VG260SD Gyrostabilizer sold to Spain’s Friere shipyard for Kuwait Patrol Vessel

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First VEEM VG260SD Gyrostabilizer sold to Spain’s Friere shipyard for Kuwait Patrol Vessel

9 May 2018

 VEEM Ltd (ASX:VEE) has sold its first VG260SD gyrostabilizer to the Spanish Friere Shipyard to be installed in a patrol vessel for the Government of Kuwait.

The announcement follows confirmation from VEEM last week that it had signed a contract to supply its largest gyrostabilizer, the VG1000SD to Damen, Europe’s second largest shipbuilder.

The VEEM Gyro VG260SD has been selected by Friere Shipyard as the roll stabilisation system for a 42 metre fisheries patrol vessel being built in Spain for the Government of Kuwait.

VEEM Managing Director Mark Miocevich said: “This is a significant sale for VEEM for a number of reasons – it is the first VG260SD to be sold globally, the first VEEM Gyro that will operate in the Middle East region, and will be the first VEEM Gyro to enter service on a government patrol vessel.

“VEEM sees itself as a role model company for the Australian Government’s drive to develop defence exporters. It is encouraging to see the Australian Government so strongly supporting this high technology manufacturing sector.”

The VEEM VG260SD gyros are suitable for offshore workboat, patrol and superyachts with an annual potential global market of AUD$1billion.

The VG260SD will be delivered to the Friere Shipyard, Spainin January 2019 for commissioning in the middle of 2019.

VEEM Ltd, a successful 50 year old Western Australian company, floated on the ASX late in 2016 with the view to commercialize a range of large gyrostabilizers. VEEM  gyrostabilizers are large quietly spinning flywheels installed in the vessel hull that, by Euler’s law of physics, reduce the rolling motion of the vessel at rest or underway. VEEM produces a range of gyrostabilizers suitable for vessels from 70 to 3000 tonnes.

See video of VEEM gyro’s at work here https://www.youtube.com/channel/VEEM Gyro

For more information please contact:

Anton Errington-Wood
Marketing Manager
VEEM Ltd

E: antonew@veem.com.au

P: +61 8 9455 9355

22 Baile Rd, Canning Vale
Western Australia, 6155

www.veem.com.au
www.veemgyro.com

VEEM secures contract to supply first VG1000SD Gyro

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VEEM secures contract to supply first VG1000SD Gyro

26 April 2018

Marine propulsion and gyro stabilization company, VEEM Ltd (ASX: VEE) (‘VEEM’ or ‘the Company’), is pleased to announce thatDamen Shipyards (“Damen”) of the Netherlands has signed a contract which will see Damen take delivery of VEEM’s newest and largest gyrostabilizer model, the VG1000SD.  The sale is subject to successful sea trials and Damen continuing the Fast Crew Supplier 7011 build program.

Damen has been evaluating gyrostabilizer technology and its applicability to their range of marine platforms since VEEM released the VG range of gyrostabilizers to the market in 2015. Part of this evaluation included Damen developing sophisticated vessel simulation software which confirmed the stabilization advancements put forward by VEEM’s design group.

The contract forms part of a technical evaluation program that was previously announced on 26 February 2018. The sea trials component of the program commences in June 2018 and will involve taking two model VG260SD VEEM gyrostabilizers 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. 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 gyrostabilizer. 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.

As VEEM’s Managing Director Mark Miocevich explained; “This contract represents a significant milestone for VEEM with an internationally renowned shipbuilder. 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.

Damen is a prestigious international shipyard group based in the Netherlands with 33 shipyards operating across the globe and partner-shipbuilders further extending their international reach. With a turnover of around $2.7b, Damen is the second largest shipbuilder in Europe employing 9,000 people and built over 200 vessels in 2017 for almost every market sector. For VEEM, a strengthening relationship with Damen represents a tremendous step forward in achieving its vision as the world leader in the global gyro stabilization business”. 

ENDS 

Further information: MrMark Miocevich +61 8 9455 9355

 

About VEEM

VEEM Limited is an Australian based high-technology marine propulsion and stabilization system manufacturer serving the global luxury motor yacht, military, fast ferry, commercial workboat and tournament fishing boat industries.

Operating from a 10500m2facility in Perth, Western Australia since 1968, the company was responsible for the very successful patented Interceptor propeller technology that allows the effective pitch of VEEM propellers to be altered, without even slipping the vessel.

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

The VEEM Gyro is the company’s most recent innovative marine product development and can be viewed on the company’s product website at www.veemgyro.com.

New, more powerful VEEM Gyros are now available

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VEEM is very pleased to be able to share exciting news about the release of the new upgraded ​versions of the VG120, and the VG145 gyro stabilizers.

 

​As you know, through VEEM’s continual research and development, the VG145 became available last year with 48 kN.m.s ​of angular momentum to meet the demands of the market.

Further research, development and testing, by the hard working and highly skilled engineering team at VEEM, has provided yet another opportunity to significantly enhance the capability of the existing VG120 and VG145. This has lead to development, and now release, of the new VEEM VG120SD and the VG145SD.

These models are designated the ‘Super Duty range’and are much heavier duty than any other gyro on the market.

The new upgraded VG120SD features 35% more angular momentum whilst retain​ing 120 kN.​m of torque, this significant increase in power still comes with all of the quality,​ ​durability and serviceability advantages of the existing VEEM Gyro range.

​T​he new upgraded VG120​SD retains exactly the same frame dimensions and weight as the existing VG120, the flywheel shape has been changed and rpm has been increased from 4000 to 4800 ​PRM to provide the additional angular momentum, all this without compromising the extended bearing life. Electric power level is 14 kW (up by 2 kW) and the noise level is still 66 dB.

The new upgraded VG145SD is a very exciting technological development, and still retains 145 kN.m of torque but increases the angular momentum to 70​ k​N.​m.s​. This amazing outcome was achieved by a combination of changes including the mass of the flywheel, the RPM (also up to 4800RPM) of the flywheel and a strengthening of a number of major components throughout the machine, all this whilst maintaining the long life and low cost maintenance regime previously enjoyed by the existing model.

The most amazing feature of the new upgraded VG145SD is that it retains the same external dimensions as the VG120! The weight increase is 300kgs, which increases the total weight to 3,000 kgs The power increase is only 1 kW (up to 15 kW) and the noise levels increases by 1 dB to 67 dB.

AAMC-News-10-Web-veem-1

Giving super yachts a smooth ride: AAMC Interview with Mark Miocevich

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The world’s highest earners may not know it, but when they spend over $5,000 an hour for the privilege of using Sydney Harbour-based super yacht Tango they can thank local advanced manufacturer VEEM Ltd. for their smooth ride.

Tango, which has hosted such names as Richard Branson, celebrities Katy Perry, Brad Pitt and Justin Bieber, as well as the King of Norway, the CEO of Chanel and the manager of Manchester United, Jose Mourinho, is among the first clients to receive one of ASX-listed VEEM’s game changing gyrostabilisers, designed for the large boat market.

These patented stabilisers significantly reduce “roll” during sail, increasing safety, reducing seasickness and generally making the journey much smoother and more pleasant.

“The super yachts, the workboats, ferries, patrol boats – from 100 tons to 3,000 tons — that market is massive and upwards of a $1billion-a-year market for us,” Managing Director Mark Miocevich says.

“Our first sales have been in the super yacht area. They are early adopters and having a new technology that performs better is something that they are very likely to move toward.”

VEEM, founded in 1968, has already had long success revolutionising the manufacture of propellers with the use of advanced manufacturing techniques to make them faster, smoother, quieter and easier to maintain and replace.  The firm earns around half its turnover from exports, and also boasts significant defence work, with the Australian Submarine Corporation awarding VEEM the first of a new generation of partnering contracts for the Collins Class Submarine in 2014.

VEEM manufactures its sophisticated castings in Australia to best manage the complexity.

The firm, which listed on the ASX in October, uses patented, robotic processes to make casting moulds, enabling VEEM to manufacture any shape of propeller simply by selecting the program and eliminating the need for traditional wood patterns for propeller castings — a major cost saving and innovation.

“We have the most advanced propeller manufacturing facilities in the world. It is absolute state-of-the-art,” Mr Miocevich says, adding that VEEM also fully machines every millimetre of the propeller surface using computer numerically controlled (CNC) machines.

“We have a factory full of them and they run 24 hours a day, lights off. So they are automatically run by a laser-operated robot forklift, which loads and unloads the machines by itself,” Mr Miocevich explains.

Being located in in Canning Vale, around 20 kilometres from Perth, is a benefit rather than a hindrance, he says, maintaining a lot of IP protection simply by being remote.

“Remoteness to market is actually quite valuable. Being based in Perth, Western Australia, being so far from anywhere, we tend to not have the cross-pollination of techniques to other companies. For example, in England there are three propeller manufacturers and their employees move from company to company, so any new technique they develop is lost very quickly.”

Modern transport also means long distances are not a huge percentage of the cost of the product in the way they used to be.

“This model of using high-technology, good IP protection, creating global market niche products is what Australia needs to look for to be successful in manufacturing. Australian manufacturing has to come back in a different form to what it was before and we believe the model that we have got represents that new thinking,” Mr Miocevich says. “I am optimistic if you have the right model.”

“That is where the cleverness is and that IP needs to be protected. So the critical components we manufacture and assemble here and then export from here. That seems to be the model that most people are using globally nowadays.”

The newly-released gyrostabilisers have been sold to vessel owners in New Zealand, the US, and The Netherlands, and there is interest from defence contractors to improve the operational performance of a patrol boat for activities such as launch and recovery of vessels, accuracy of weapons and safety and comfort of crew.

There is also potential around high-speed crew transfer vessels which may replace helicopters in ferrying crew from oil platforms to oil rigs.

“We are seeing interest from a number of sectors and the ramifications are very large. You still have the old ‘pitch and heave,’ so front and back you get movement, and up and down with the swell, but none of this rapid side-to-side roll that boats experience,” says Mr Miocevich.

“If the vessel is rolling significantly it is very unstable for human beings to walk around, and as you are loading it swings violently. We can also significantly reduce seasickness so that when people are working they are more efficient and more productive.”

VEEM looked around the world and developed a global supply chain very similar to some of the major players in the marine sector, such as Rolls-Royce Marine, modelling itself on the best and brightest in the industry.

Mr Miocevich says Australians are natural innovators who punch above their weight in the list of global inventions – everything from the electric drill to the black box recorder to Cochlear – perhaps because of our historical isolation.

“Getting things from overseas was difficult and time-consuming, so we’ve always had the philosophy [in Australia] that if we were repairing something and we couldn’t buy the part, we’d just make it. Many, many great Australian companies are exactly like that,” Mr Miocevich says

Mr Miocevich also says the government’s defence initiative was a “masterstroke” for local manufacturing, because unlike the auto industry many of the contractors are Australian-owned companies.

“What we are doing now is developing a whole raft of SMEs and larger companies that are Australian companies – and that is developing a wide range of skills and businesses in this country which I think provides a much stronger future, and you can export a lot more because of it,” he says.

Article from Australian Advanced Manufacturing Council – http://aamc.org.au/portfolio-items/giving-super-yachts-smooth-ride/

VEEM Gyro records fantastic sea trials onboard Motor Yacht Anemeli at her launch on the 20th of May.

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The 27m motor yacht, MY Anemeli was launched last week by Wim Van Der Valk Continental Yachts and impressive Gyro Stabilization sea trials were carried out the following weekend. All on board were very impressed by the level of rolling motion reduction achieved and the ease of use.

On the 20th of May, the trials captured an average 60% roll reduction (87% maximum roll reduction) with 0.7m (2’3″) wave height followed by an average roll reduction of 82% (92% maximum roll reduction)  in 0.4m (1’4″) waves on the 21st of May.

More amazing sea trial results for the VG120

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Another VEEM Gyro 120 sea trial was captured recently off the coast of Fremantle in Western Australia on a Viking Open Convertible Sport Fisher.

The prevailing 25 to 30 knot winds and solid 2.25m wave height conditions were no trouble for the VEEM Gyro. The VG120 achieved a 49% roll reduction at 0 knots, a 51% roll reduction at trolling speed, and a 45% roll reduction at 20 knots. The trial clearly demonstrated that the VEEM Gyro performs equally well at high speed as it does at rest.

See the footage for yourself below.

 

VEEM Gyro260

First assembly of VG260 commences

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The first assembly of a VG260 has commenced this month at VEEM with the first steps of the build underway already.

The first part of the build process includes the sub-assemblies such as the flywheel, spin motor, and vacuum chamber insert, which have to be completed in preparation for starting the vacuum chamber assembly.

A VG260 is a significantly larger unit in every aspect in comparison to the VG120, and will weigh approximately 5.4 tonnes when fully assembled. The first VG260 unit will be built to allow for some modification to occur during the prototype shakedown phase. Once this is complete, the unit will be disassembled, painted and reassembled in preparation for sale.

The production of VG120 units continues to accelerate as the VEEM assembly teams improve their efficiency levels. Two (2) VG120 units are currently in their finishing stages and an additional two (2) VG120 units have begun being assembled.