Perth marine-engineering manufacturer VEEM have won their first orders for vessel gyrostabilisers from two highly prestigious Italian superyacht builders, Rossinavi and Overmarine.
Overmarine, the builder of the Mangusta range of superyachts, has ordered two gyros for a new design the Mangusta 165, which is 50 metres in length.
Rossinavi has ordered a Veem Gyro, which stabilise vessels allowing them to operate in heavier seas, also for a new design offering.
The new orders take the company’s gyro order book to $5 million, a fraction of world superyacht market.
Data from SuperYacht Times shows the global superyacht construction order book is 710 vessels in the general size range for VEEM Gyros.
This alone represents an addressable market segment of over US$260m for sales of VEEM Gyros, which also sell to defence and working boat operators. The full fleet size, which is an addressable market for retrofit of VEEM Gyros, is 9,233 vessels.
VEEM managing director Mark Miocevich said: “The superyacht fleet represents a huge market for VEEM Gyros, both in the new constructions underway and the retrofit potential.
“Our current sales, while growing rapidly, are only a small portion of the potential within the superyacht, commercial and defence addressable markets.”
In June VEEM shipped the the worldf’s largest gyrostabiliser, the model VG1000SD (pictured below), to European workboat shipbuilder, Damen.
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