VEEM wins new Singapore shipbuilder customer

Marine systems manufacturer VEEM has signed an agreement with Singapore shipbuilder Strategic Marine for the exclusive use of VEEM gyrostabilisers in the vessels it constructs.

VEEM manufacturers stabilisers for the global luxury motor yacht, fast ferry, commercial workboat and defence sectors at its Perth facility.

Under the agreement, VEEM will supply its VG70, VG100 and VG140 marine gyrostabilisers to Strategic Marine on an exclusive basis for use on crew transfer vessels within Southeast Asia and on specific wind farm crew vessels in Europe.

Strategic intend to install the gyros on their own vessels but may also on-sell the gyros to third parties for retrofits or new-builds within the exclusivity boundaries.

VEEM also supplies gyrostabilisers to European shipbuilder Damen for fitting in work boats, which reduce rolling in rough seas and enable the vessels to operate safely in rough seas. This extends the productivity of vessels and work boat crews.

The Perth company also manufactures propellers, including providing giant propellers to BAE Systems Australia for the prototyping phase of the construction of Hunter class frigates in Adelaide.

Strategic Marine has incorporated the VEEM gyro into its latest fast crew transfer boat design and is marketing this as a unique selling point for their product which delivers superior performance and economics for offshore energy operators.

Strategic will place orders immediately for 12 gyrostabilizers to be delivered over the next three years with a value in excess of $8.2 million.

Strategic previously purchased two gyros and has an existing live order with VEEM for one gyro bringing their total orders on hand to 13 gyros.

Strategic Marine has an option to extend the exclusivity for a further year provided it has met all its obligations plus purchased a further three units.

VEEM Managing Director Mark Miocevich said: “VEEM is proud to be partnering with Strategic Marine in the Southeast Asian crew transfer vessel market as well as the European Offshore Wind market.

“We have worked closely with Strategic Marine in the incorporation of the VEEM gyro into their fourth-generation fast crew boat
platform and share their excitement over the potential of this vessel.

“With Strategic Marine’s clear commitment to the market and to VEEM’s product through the placing of orders, VEEM is very pleased to commit to exclusivity and work with Strategic for the next three years.”

Further reading:
VEEM in sea trials of new gyrostabiliser
VEEM to manufacture Hunter frigate propellers

Picture: Strategic Marine/Gen 4 fast crew boat with ‘GYRO ONBOARD’ sign