Defence and exclusive global marine contracts swell VEEM profits
Marine manufacturer VEEM has seen revenue jump by a third as defence contracts and exclusive global agreements boost its bottom line.
VEEM and Sharrow develop improved vessel propeller
Perth marine engineering firm VEEM and propeller developer Sharrow Marine are to advance to manufacture of a new type of propeller designed for inboard motor propulsion. The two companies have replicated for inboard motors the advances made by the original Sharrow propeller which eliminated cavitation in traditional propellers. Now the US and Australian company have…