The Collaborative International Dictionary of English v.0.48:

Steeve \Steeve\ (st[=e]v), v. i. [imp. & p. p. Steeved; p. pr.
   & vb. n. Steeving.] [Cf. OD. steve staff, E. stem, n.]
   (Shipbuilding)
   To project upward, or make an angle with the horizon or with
   the line of a vessel's keel; -- said of the bowsprit, etc.
   [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Steeve \Steeve\, v. t.
   1. (Shipbuilding) To elevate or fix at an angle with the
      horizon; -- said of the bowsprit, etc.
      [1913 Webster]

   2. To stow, as bales in a vessel's hold, by means of a
      steeve. See Steeve, n.
      (b) .
          [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Steeve \Steeve\, n. (Naut.)
      (a) The angle which a bowsprit makes with the horizon, or
          with the line of the vessel's keel; -- called also
          steeving.
      (b) A spar, with a block at one end, used in stowing
          cotton bales, and similar kinds of cargo which need to
          be packed tightly.
          [1913 Webster]