- 42m Vessel
- Patrol vessel for the Government of Kuwait
- 1 x VG260SD Unit Installation
VEEM Ltd has sold its first VG260SD gyrostabilizer to the Spanish Friere Shipyard to be installed in a patrol vessel for the Government of Kuwait.
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 Spain for the Government of Kuwait.
VEEM Managing Director Mark Miocevich said: “This is a significant sale for VEEM for a number of reasons – it is the first VG260SD to be sold globally, the first VEEM Gyro that will operate in the Middle East region, and will be the first VEEM Gyro to enter service on a government patrol vessel.
“VEEM sees itself as a role model company for the Australian Government’s drive to develop defence exporters. It is encouraging to see the Australian Government so strongly supporting this high technology manufacturing sector.”
The VEEM VG260SD gyros are suitable for offshore workboat, patrol and superyachts with an annual potential global market of AUD$1billion.
The VG260SD will be delivered to the Friere Shipyard, Spainin January 2019 for commissioning in the middle of 2019.