VEEM LIMITED (VEE) - Marine Innovation Unleashed as a Global Leader in Marine Propulsion and Stabilizing Systems

Send us a textMark Miocevich, Managing Director of Veem Limited, takes us behind the scenes of what he calls "a rare beast in Australia" – a high-technology marine products manufacturer dominating global markets through innovation and precision engineering.Veem specializes in three critical marine technologies: advanced propulsion systems, revolutionary gyrostabilizers, and specialized defence applications. Despite the cyclical nature of defence contracts, the company recently posted $33.6 million in first-half revenue for FY25 and is on track for continued growth following last year's record $80+ million performance.The conversation reveals Veem's remarkable global expansion, securing contracts with major Italian super yacht builders while simultaneously entering Asian markets where demand for high-performance marine technology is surging. Most exciting is their exclusive 17-year partnership with Sharrow to manufacture what Mark describes as "the biggest step forward in probably a hundred years in propellers" – innovative toroidal-based designs that significantly increase efficiency.

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