VEEM Gyrostabilizers selected by world’s leading superyacht builders

Mark Gyros © Tim Larcombe

Canning vale facility © Tim Larcombe

VEEM Ltd (ASX:VEE) ('VEEM' or 'the Company') has confirmed orders for its market leading gyrostabilizers from some of the most prestigious superyacht builders in Europe - Dutch prestige superyacht builders Feadship Royal De Vries, Royal Huisman, Van Der Valk Shipyard and Talsma Shipyard, together with French superyacht builder Couach Shipyards.

The confirmed sales are:

• 2 x VG145SD Gyrostabilizers for Feadship Royal De Vries, delivery late 2018
• 1 x VG260SD Gyrostabilizer and 1 x VG120SD Gyrostabilizer for Royal Huisman, delivery late 2019 (Final T&Cs are currently being negotiated)
• 2 x VG145 Gyrostabilizers for Van Der Valk, delivery late 2018
• 1 x VG145 Gyrostabilizer for Talsma Shipyard, delivered April 2018
• 1 x VG145 Gyrostabilizer for Couach Shipyard, delivered April 2018

VEEM Managing Director Mark Miocevich said "to have boat builders of the calibre of Feadship Royal De Vries, Royal Huisman, Van Der Valk Shipyards and Talsma Shipyard, together with French superyacht builder Couach Shipyards place orders for VEEM Gyrostabilizers is a game changer for the global marine stabilisation market.

"Over the next decade we expect gyrostabilisers to become standard on most new vessels."

The breakthrough sales follow recent confirmation by Damen Shipyards Group, one of the world's largest shipbuilders, that sea trials utilising VEEM Gyrostabilizers on board a Damen Fast Crew Supplier vessel were successful.

Damen Business Development Manager David Stibbe said "testing of the VEEM VG260SD Gyrostabilizers on board a Damen Fast Crew Supplier 5009 fitted with two VEEM VG260SD Gyrostabilizers and equipped with an Ampelmann L-type crew transfer gangway achieved the target roll reduction of 35-40% as predicted, combined with the faultless performance of the Ampelmann crew transfer system."

Mr Stibbe further stated that "Damen plans to install VEEM's largest gyrostabiliser, the VG1000SD, in its new 70-metre FCS 7011 to achieve roll reduction of up to 75% in 2.5m waves."

Damen, Europe's second largest shipbuilder with more than 200 new vessels annually, is expected to confirm orders for VEEM Gyrostabilizers in the coming weeks.

Pricing for each of the VEEM Gyrostabilizer range can be viewed on the Company's website.