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VEEM secures new Singapore shipbuilding client, to supply gyrostabilisers for vessels

Australian marine systems manufacturer VEEM Limited has executed an agreement with Singapore-based Strategic Marine for the latter to employ small and medium size VEEM gyrostabilisers exclusively on the vessels it builds. 
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Responding to manufacturing demand and performance signals

Australian manufacturers are navigating a challenging environment. Just as output had returned to growth, higher fuel and freight costs, rising input prices and global supply chain disruption renewed pressure on margins and cash flow.