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 be running in the Mediterranean Sea. VEEM will invite shipyards and vessel owner’s teams to witness at-sea demonstrations of the performance of the technology. The vessel is propelled by VEEM’s unique Interceptors propellers, which have dominated the sportfishing market in the US

The demo boat is a Viking 64’ Open Convertible sportfish boat, with a VG120 VEEM Gyro installed, and running VEEM Interceptor propellers. With max speed of 43 knots, this vessel is an ideal vessel for demonstrating the remarkable roll reduction achievable across all vessel speeds ranging from drifting, to loitering along the coast, to high speed operations.

The VEEM Gyro demo boat is unmistakable with its distinctive hull featuring a great white shark running the full length of the hull.

The VEEM Gyro stabilizers are an amazing device that bolts into the vessel’s hull. There are no protrusions through the hull into the water. The device utilizes the gyro-dynamics of a high-speed steel flywheel spinning in a vacuum controlled chamber. The VEEM Gyro units deliver their massive roll stabilizing torques whilst producing almost no noise or vibration. Early installations have even been successfully located beneath guest cabin beds.

The VEEM Gyro product range is suitable for installation on luxury motor yachts, Defense and paramilitary patrol vessels, naval mine-hunters, fast crew transfer vessel serving the expanding offshore windfarm industry, and commercial offshore supply and workboats. The three products in the range will suit installation in vessels from 60 tonne in weight to 3500 tonne.

VEEM Limited is a Australia 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 10500m2 facility 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.

Details of trade show appearances for the VEEM Gyro can be seen on the company’s product website at


VEEM Media Contact : Mr Paul Steinmann (Business Development – Marine).

+61 434 071 092


VEEM  Gyro Demonstrations Contact: Mr. Jonathan Shaw (Business Development Manager – Europe)

+44 7714 826843


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 –

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.

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 based success story VEEM Ltd, a high technology manufacturer of Marine Propulsion and Stabilization systems.

By rigorously applying advanced design and manufacturing techniques VEEM has produced leading edge products that now sit astride some key global markets. More than 40% of VEEM sales are from exports.

Importantly, export sales are being won in some of the most competitive markets in the world where product perfection and unrivalled performance are the standard. …..

Continue to the article …

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 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 completing the 3-dimentional modelling of the ‘Frieze’ graphics that will be featured on the face of the bell.

The bell, which is expected to be cast from copper and tin, is to be funded by a Lotterywest grant and investment from a local WA businessman. Culture and Arts Minister, John Day, said that the Anzac Bell will be the largest swinging bell in the Southern Hemisphere once completed and would be a lasting legacy to acknowledge the Anzac centenary.

The bell is the first of its sort to be cast in Australia and is expected to last over 500 years.

The Perth Bell Tower is currently home to 17 bells which are made up of 12 bells from St Martin-in-the-Fields and 5 bells from the London diocese of the Church of England. These bells were gifted to Western Australia as part of the nations bicentennial celebrations in 1988.

VEEM expects the project to be completed later this year.

VEEM strengthens management team with key appointments

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VEEM has further strengthened its management team with two key appointments as it continues to grow future sales of its unique, market-leading marine propulsion and stabilisation products.

VEEM Managing Director, Mr Mark Miocevich, said the appointments added substantial experience to its global sales capability and follows the recent, successful completion of the first retrospective fitting of the VG120 gyrostabilisation unit on a 42.5 metre luxury super yacht in Australia.

Sales of VEEM’s new ship gyrostabilisers will be assisted by the appointment of Dr Steven Vidakovic as Global Sales Manager – Gyrostablisers. Steven has more than 20 years of engineering, project management and sales experience, having most recently served as Global Sales Director for Naiad Dynamics, an international supplier of marine stabiliser and ride control systems.

He previously led the management of several projects at the world’s largest research-based pharmaceutical company, Pfizer Inc., before taking on the role of Associate Director for its Worldwide Pharmaceutical Sciences Global Supply Chain division. Dr Vidakovic holds a B.E. in Aeronautical and completed a PhD in Aerodynamics/Fluid Mechanics from The University of Adelaide. He also holds a Masters of Business Administration.

VEEM has also secured the services of Mr Jonathan Shaw who will take up the position of European Business Development Manager – Propulsion. Mr Shaw has a 27-year career spanning executive and manager positions in the renewable energy and marine propeller sectors.

After a decade long career building the business, Mr Shaw was appointed Group Managing Director of Teignbridge Propellers (UK), a position he held for four years. He brings extensive global market knowledge to the VEEM business. Mr Shaw holds a Bachelor of Science (Eng) in Nautical Studies and an MBA awarded by Henley Management College.

Dr Vidakovic, who will be based in Perth, will take up his responsibilities with VEEM in January 2017, while Mr Shaw, based in London, started with the Company in November 2016.

Mr Miocevich said: “The Company’s ability to attract senior employees the calibre of Steven and Jonathan is testament to the global recognition of VEEM’s suite of leading marine propulsion and stabilising products.

“These key appointments underpin the future sales growth of our unique gyrostabiliser products and the acceleration of sales of our patented VEEM Interceptor propellers and VEEM’s newly launched Conquest propellers.”

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.

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 a 7m long x 3.6m wide x 1.9m high milling envelope.

The 6-axis CNC machine, which is currently being installed at VEEM, measures 20m long, 10m wide and 6.7m high, and weighs just over 86 tonnes!

High accuracy 6-axis CNC machining was not previously possible on propellers larger than 2.2m at VEEM, but in the next few months everything from larger VEEM Propellers to VEEM Gyro components to precise engineering work will be undertaken on the new machine, and the capacity to do larger and more varied work will also dramatically increase.

“We will see a large improvement in efficiency on the projects we already complete, hopefully by up to 30%, and because of this our overall production output can dramatically increase,” says Commercial Manager, Mike Coyle.

The installation of the CNC machine began this month with over 140m3 of concrete and 10 tonnes of steel reinforcing installed in the footing pit; a mean feat but necessary to allow the machine to remain rigid when performing work. With the bridge and columns also installed this month, the finer details like cabling and covers will be completed next and the machine will be in action very soon.