The British diesel outboard manufacturer, Cox Marine, is demonstrating the CXO300 diesel outboard on two vessels at this year’s Monaco Yacht Show – an Axopar 37 and a Ribco Venom 39 – both installed with a twin configuration. The vessels are located in the Tenders & Water Toys section of the show and will demonstrate the numerous benefits that the diesel outboards bring to the superyacht market. The on-water demonstrations provide an opportunity for owners and their representatives to experience the high-performing production outboards for the first time at the Monaco show.
Month: September 2021
Brunswick Acquires SemahTronix
Brunswick Corp. said in a statement that it acquired SemahTronix, a global supplier of wiring harnesses and cable assemblies for the marine, mobile and defense industries. Financial terms were not disclosed.
The company will be part of Brunswick’s Advanced Systems Group of parts-and-accessory brands, which include batteries, power management, digital control and monitoring, and networked systems and devices.
Mercury, Navico Join Electric Race Series
Mercury Racing will develop an electric powertrain for a new powerboat racing series, the company announced. Slated to begin in 2023, the E1 Series will feature electric hydrofoil boats, known as RaceBirds, competing on closed courses. Monaco will be a host venue during the inaugural season, with additional locales to be announced. Mercury Racing’s sister Brunswick company Navico announced in a separate statement that it will provide Simrad and C-MAP cartography and electronics to the racers
Setting new standards for operational range and outboard emissions
The OXE Diesel engine reduces fuel consumption by more than 42% compared to a modern gasoline outboard of equivalent horsepower, setting new standards for internal combustion engines within the global outboard industry. On top of this, by using the sustainable fuel option Biodiesel – which is compliant with all OXE Marine products – you can further reduce your net carbon footprint by up to 90%. In addition, HVO and Biodiesel fuels reduce net carbon dioxide by up to 94% or up to 257,082Kg/1000hrs of operation. This reduction significantly contributes to a reduced environmental impact, while increasing the operational range for users by 60%.
OXE Marine AB (publ) carries out a directed share issue of MSEK 22.75
The board of directors of OXE Marine AB (publ) (“OXE Marine” or the “Company”) has today, as authorized by the annual general meeting on 16 April 2021, resolved to increase the Company’s share capital by way of a directed issue of 10,435,777 shares to a smaller group of existing investors, including industrial investor Koenigsegg. The shares are issued at a subscription price of SEK 2.18 per share, which corresponds to the volume weighted average price for the Company’s share on Nasdaq First North Growth Market during the period from 3 September 2021 to 16 September 2021, and will raise MSEK 22.75 for the Company.
X Shore to establish US sales office
Stockholm-based electric boat builder X Shore announced early Thursday that the company has established an official North American sales office in Newport, Rhode Island at the famed Safe Harbor Newport Shipyard. The new, year-round facility will oversee all marketing and sales activities for X Shore in the US under the leadership of North American head of sales, Patrick DeSocio. In addition to providing a domestic sales office, the location will also be used for VIP events and sea trials, with an Eelex 8000 accessible on land and in the water.
New COO at Cox Marine
Cox Marine, the UK diesel outboard manufacturer, has named Gavin Wesson as the group’s new chief operating officer. Wesson will be tasked with building a world-class operations and supply chain capability, positioning the business for its future and will be responsible for Production, Manufacturing Engineering, Purchasing and Logistics.
Yamaha introduces Harmo electric propulsion system to US market
Yamaha Marine’s US Business Unit officially introduced the company’s Harmo electric outboard system to US boatbuilders and media on Tuesday. The company says its proprietary electric outboard propulsion system, introduced as a concept at the 2016 METSTRADE Show and having recently completed testing in Japan, will be available in the US market within 18 months.
Hynova unveils hydrogen-powered production boat
Hynova, the French builder of hydrogen-powered yachts, showed off the follow up to its New Era Hynova 40 demonstrator which has recently been on a road trip by sea to promote the technology, from Marseille to Monaco – with the unveiling to press on the opening day of the Cannes boat show last week, of a scale model of its new Hynova 42. Designed by Hynova founder and president, Chloé Zaied, the 42 is claimed to be the first model to be produced in series using hydrogen stored on board, to navigate without emitting CO2, NOx gases, noise pollution, odours, or risk of hydrogen leakage.
MAN Diesel unveils new hybrid propulsion system at Cannes
Munich-based engine builder MAN Diesel unveiled it’s all-new Smart Hybrid Experience propulsion system at the Cannes Yachting festival on Tuesday, staking a claim as the first engine provider to provide a complete hybrid system from a single source. The system features multiple operation modes; Zero Emission mode, with propulsion and onboard hotel loads served entirely by the vessel’s batteries for quiet, emission-free operation; Diesel-Electric mode, with power supplied by the battery and supported by onboard generator sets; Diesel model, with propulsion and onboard power needs provided by the diesel engines; Boost mode, where the electric system complements the diesel power; and Hotel mode, where onboard power is provided by the batteries with the engines switched off.
