Press Release Archive - Propellers & Propulsion

Thu, 22 Feb 2024

Aeolus collaboration offers a compelling path to future-proof yachting

In late summer 2022, custom yacht builder Oceanco hosted a roundtable to discuss a revolutionary vessel concept – Aeolus – that would set new standards in superyacht design. Bringing together some of the sharpest creative and technical minds from the yacht industry and beyond, the meeting aligned with the goals of Oceanco ‘NXT’, an initiative that seeks to respond to evolving attitudes by harnessing perspectives and skillsets from different sectors. In attendance were Giles Taylor, a re... More

Tue, 18 Sep 2018

The VEEM Gyro VG120SD is now even quieter (half as loud in fact!)

The VEEM Gyro range of stabilizers has recently been upgraded to Super Duty - guaranteeing more power, greater levels of angular momentum and now - less noise. VG120SD, which has has a bump in angular momentum of 30% along with multiple enhancements, has recently been confirmed as half as loud by an acoustic consulting firm, who carried out advanced sound level surveys and confirmed the VG120SD emits a maximum of only 57dBA. This, compared to 66dBA on its less powerful predecessor means that ... More

Wed, 09 May 2018

First VEEM VG260SD Gyrostabilizer sold to Spain

VEEM Ltd (ASX:VEE) has sold its first VG260SD gyrostabilizer to the Spanish Friere Shipyard to be installed in a patrol vessel for the Government of Kuwait. The announcement follows confirmation from VEEM last week that it had signed a contract to supply its largest gyrostabilizer, the VG1000SD to Damen, Europe’s second largest shipbuilder. The VEEM Gyro VG260SD has been selected by Friere Shipyard as the roll stabilisation system for a 42 metre fisheries patrol vessel being built in Sp... More

Wed, 02 May 2018


Marine propulsion and gyro stabilization company, VEEM Ltd (ASX: VEE) (‘VEEM’ or ‘the Company’), is pleased to announce that Damen Shipyards (“Damen”) of the Netherlands has signed a contract which will see Damen take delivery of VEEM’s newest and largest gyrostabilizer model, the VG1000SD. The sale is subject to successful sea trials and Damen continuing the Fast Crew Supplier 7011 build program. Damen has been evaluating gyrostabilizer technology and its applicability to thei... More

Tue, 03 Oct 2017

VEEM Gyro VG120 Achieves 2000 Operating Hours

VEEM Limited, Australian manufacturer of VEEM Gyro roll stabilizer, announces an operating hours milestone for its VG120 model gyro stabilizer installed on Motor Yacht Tango. Operating since November 2016, the VG120 model has now accumulated 2000 hours of operational time. During a visit to the yacht as part of a 2000 hour check-up, Paul Steinmann from VEEM says “it is really pleasing to return to Tango to find the gyro running smoothly. This is really satisfying validation of the product’... More

Tue, 01 Mar 2016

New ferryboat Ilha Grande makes maiden voyage with Teignbridge Shafts

“The maiden voyage of the ferryboat “Ilha Grande” is part of the celebrations of 180 years of ferry service in Guanabara Bay, Rio de Janerio.The ferry is owned and operated by the state transport company: SETRANSTeignbridge supplied the shafts to INACE in Fortaleza in Brazil” This pair of shafts for the “Ilha Grande” were designed by Teignbridge Propellers using shaft line design software ‘ShaftDesigner’ at 11.900m each. The news story and pho... More

Fri, 24 Apr 2015


Press Release April, 21, 2015 A Norfolk based company is celebrating today, 21 April, after its unique range of products and export achievements have led to it receiving the Queen’s Award for Enterprise. Magnus Marine Limited, based at the Hethel Engineering Centre, manufactures a range of Power Quality Products including Shore Power Converters that are supplied to super yachts around the world. These devices enable a ship, once in port, to successfully connect to any worldwide shore... More