The Latest General News from VEEM Ltd

VEEM Ausbiz

Mark Miocevich discusses the strong start to FY21

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Mark Miocevich discusses the strong start to FY21 with $5.9m in gyro orders, plus what’s ahead for VEEM Ltd with Ausbiz. Watch the video below.

VEEM Viking PowerPlay Vessel completes a circumnavigation of Australia

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Earlier this year our VEEM Power Play Vessel (Viking 64′) completed a circumnavigation of Australia. This journey truly tested the capabilities of the VEEM VG120 gyrostabilizer which worked non-stop for 7658 nautical…


VEEM Presentation — NWR Virtual Small Cap Investor Conference, Series 1

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  Presentation from VEEM Managing Director Mark Miocevich VEEM is a precision marine technology disruptor with 50+ years’ experience & world-class WA-based manufacturing facilities. Market capitalisation of ~$60m – VEEM…

VEEM secures $9 million order from the Australian Submarine Corporation (ASC)

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Following a long history of work for the Australian Submarine Corporation (ASC), VEEM Ltd is pleased to announce that it has just received orders for approximately $9 million from the…

VEEM launches WORLD’S LARGEST GYROSTABILIZER and officially opens new gyrostabilizer facility

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Senator the Hon Linda Reynolds CSC has officially opened the new VEEM gyrostabilizer facility VEEM has completed building the world’s largest, most powerful marine gyrostabilizer, VG1000SD, for a major European…

Why VEEM undertake all metal alloying in-house

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While other manufacturers traditionally use pre-alloyed metals from external suppliers, VEEM undertakes the entire metal alloying process in house. This ensures VEEM products are the highest quality and also enables…

Gormley statues – Manufacturing one of Australia’s largest outdoor galleries

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In 2003, VEEM worked closely with Antony Gormley to bring to life 51 alien-like sculptures to be placed across the flat salt-encrusted expanse of Lake Ballard in Western Australia. The…

VEEM is helping build the highways and byways of Perth!

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Image source: Shivam Dewan, Unsplashed VEEM foundry produces around 1500 tonnes of processed sand per month during the casting process. Producing large quantities of waste became a growing issue within…

‘Wirin’ Statue – Cast by VEEM and erected in Perth’s Yagan Square

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In early 2018, VEEM cast one of the biggest statues of an Aboriginal figure in the country.  ‘Wirin’, which is 6.1m tall was cast at VEEM in January and installed…

Gyros vs Fins (automobiles vs horse and buggy!)

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A stabilized vessel can be achieved through a number of systems, two such systems being Gyroscopic stabilizers and fin stabilizers (fixed or retractable). Both are stabilizing mechanisms, but installing a…

VEEM Lathe – A History of Innovation

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The Lathe is just one example of VEEM’s innovation and precise manufacturing throughout history. Heavy Duty lathes are an essential piece of equipment for workshops, tool rooms, class rooms and…

The VEEM Gyro Power Play Tour: Australia

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July – September 2019 The VEEM Gyro Power Play Vessel is making its way across the north of Australia, travelling from Perth through to Sydney, crossing over some of the…


VEEM Confirms sale of VG145SD to M/Y EL REY in San Diego

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VEEM have confirmed the recent sale of a VG145SD Gyro model to be retrofitted on a 34m Motor Yacht in San Diego in the USA. The VEEM Gyro 145SD is…

VEEM celebrates 50th anniversary with positive 2019 outlook across all divisions

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VEEM Limited (ASX:VEE), world leadingmanufacturer of high-technology marine propulsion and stabilisation systems for the global luxury motor yacht, fast ferry, commercial workboat and defence industries, celebrated 50 years in business…

Anzac Bell brought to life at VEEM

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Perth’s newest addition, a 6.5 tonne bell to be installed into the Perth Bell Tower to mark the centenary of Anzac, has become a reality this month with VEEM recently…

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…

VEEM Gyrostabilizers selected by world’s leading Superyacht Builders

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VEEM GYROSTABILIZERS SELECTED BY WORLD’S LEADING SUPER YACHT BUILDERS Breakthrough sales of VEEM Gyrostabilizers for luxury super yacht market 4 leading Dutch boat builders secure VEEM Gyrostabilizers for latest ultra-modern…

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…

Mike Bailey Joins VEEM Board as non-executive director

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VEEM Ltd (ASX: VEE), (“VEE” of “the Company”), Australia-based manufacturer of propellers, fin systems, gyrostabilizers and specialist components for the super yacht, aerospace, oil and gas and defence industries, is…

VEEM Ltd Secures Industry Partner agreement with AURORA LABS to gain early access to large scale 3D metal printing.

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VEEM Ltd (ASX:VEE) and Aurora Labs Limited (ASX:A3D) have signed a non-binding term sheet to investigate the potential of Aurora’s 3D printing and large format technology to deliver cost and…

VEEM Ltd produces unique Aboriginal Statue for Yagan Square

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The new Yagan Square in Perth, Western Australia is now home to one of the biggest Aboriginal figure Statues in the country. ‘Wirin’, which is 6.1m tall, was recently cast…

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…

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…

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…

VEEM Ltd Enters the Family Business Hall of Fame

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VEEM Ltd was recently inducted into the Family Business Australia FBA WA Hall of Fame, joining other successful WA companies with rich histories and contributions to the Western Australian economy. VEEM…

VEEM’s history – a timeline

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1968 – Commencement of VEEM In October VEEM Engineering Services commenced trading as a partnership between Voyka and Elizabeth Elsie Miocevich at 14 Whyalla Street Willetton. The business was established…

VEEM Gyro Demo Vessel In Med From October

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VEEM Gyro Demo Vessel In Med From October VEEM Limited, Australian manufacturer of VEEM Gyro stabilizer, announces that from mid-October 2017, demonstrations of its VEEM Gyro roll stabilizer technology will…


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…

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…

In the press: High tech manufacturer helps to propel Aussie exports

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Dynamic Export Magazine, 5th May 2017 When Australian marine engineering excellence, leading edge innovation, perseverance, vision and focus are joined with advanced manufacturing capability you have the hallmarks of Perth…

VEEM Gyro 120

85% roll reduction on the VEEM Gyro 120 filmed recently off Fremantle

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The latest VG120 sea trial recorded off Fremantle saw an 84.8% roll reduction at 0 knots, where the wave height was 0.7m (2’3″) with light winds. This trial was a…

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…

VEEM Ltd Family business Hall of Fame

VEEM Ltd History – Family Business Australia Hall of Fame

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From modest beginnings as a small engineering services company specializing in the repair and dynamic balancing of drive shafts, engines and other rotating equipment, VEEM Ltd is a proud family…

VEEM Begins work on Anzac Bell

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The giant Anzac Bell, a 6.5 tonne bell to be installed into the Perth Bell Tower to mark the centenary of Anzac, is slowly becoming a reality with VEEM currently…

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…

VEEM increases CNC machining capability to enable manufacture of propellers up to 4.5m in diameter

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By the middle of the year, VEEM’s arsenal of high technology machinery will have the capability to machine items up to 4.5mtr in diameter x 1.9mtr turning capacity envelope, and…

VEEM completes six large Moon Pool castings in what was assumed to be the largest casting of Copper Nickel in the southern hemisphere

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VEEM has recently completed six large moon pool castings for a fleet of ships overseas, a first for VEEM who hadn’t previously cast in the Copper Nickel material specified by…

127m Sportsfisher

VEEM delivers two VG120’s to 127 foot New Zealand Sportfisher

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Yachting Developments in New Zealand is busy completing a 127 foot Michael Peters designed Sportfisher that is expected to break records for the largest Sportfisher boat ever built. The boat…

VEEM Gyro reduces roll reduction on MY Tango by 61%

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Sea Trial results for the VG120 gyro installation on Motor Yacht Tango proved successful with roll reduction reduced by 61% achieved during typical operating conditions for the Yacht. MY Tango…

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