Back in March, David LeBlanc, regional sales director for Diesel Outboards, invited me aboard the 42’x13′ multipurpose workboat Miss Ida, part of TK Boat Rentals’ fleet, to check out the performance of the twin Oxe 200-hp diesel outboards hanging from the boat’s stern. It was the end of April before we could get our schedules to mesh, and we made plans for a ride along. It happened that three people from Diversified Communications, our main/Maine office in Portland, were scheduled to come down for the Offshore Marine Service Association (OMSA) golf tournament on May 1. So, I suggested that we schedule the ride along for that week, if possible. Well, LeBlanc made it happen.
The trio of Japanese engine makers working together to develop hydrogen-fueled marine engines will establish a new company to carry out the plan. Kawasaki Heavy Industries, Yanmar Power Technology and Japan Engine Corp. announced earlier this year they had formed a consortium to pursue joint development of hydrogen-fueled marine engines for ocean-going and coastal vessels.
Following three and a half years as exclusive global distributor for the Dtorque 111 turbo diesel outboard, Yanmar Marine International (YMI) has transferred the direct sales rights of the engine back to its developer and manufacturer, Neander Shark GmbH (Neander).
The Proteum Power In Partnership Webinar explores all the great benefits attributed to running an OXE diesel outboard without the expense of owning an OXE.
STOCKHOLM, May 10, 2021 /PRNewswire/ –As previously communicated, Magnus Grönborg has been appointed CEO of OXE Marine AB (publ). He will assume the position on 1 July 2021. Magnus Grönborg will succeed Myron Mahendra who will assume the position of EVP Business Development, Sales and Marketing.
After 13 years of intensive design, development, and testing, Cox Powertrain successfully began production of the CXO300 diesel outboard in May 2020. Designed from a blank sheet of paper for both recreational and commercial use, the CXO300 is a new generation of diesel technology, offering a high-powered diesel outboard propulsion option for the marine market. Commercially rated, the CXO300 delivers highly competitive performance, reaching a peak torque of 479 lb.-ft. torque (650Nm) at just 2250-3000 revolutions per minute
First quarter 2021
Net Turnover of SEK 10.1 m (SEK 10.3 m)
Gross Profit of SEK 2.7 m (SEK 2.4 m) or gross margin of 27% (23%)
Operating Loss/EBIT of SEK -21.5 m (SEK -17.6 m)
Net loss for the period of SEK -23.8 m (SEK -19.6 m)
Order Book amounted to SEK 140.9 m (SEK 139.3 m as at end of Q4 2020)
Significant events during the First quarter
OXE125-200 model year 2021 granted approval by EPA.
Start of assembly of OXE125-200 initiated by ONM in Albany (GA, USA).
The board of directors resolved to appoint Magnus Grönborg as CEO and to reorganize its management team by appointing the current CEO Myron Mahendra as EVP Business Development, Sales and Marketing. In addition, the Chairman of the board Anders Berg will increase his operational focus on the company by assuming a supportive operational role with the management team. Magnus Grönborg will replace Myron Mahendra as CEO in a few months, with the closer date yet to be agreed.
First units of OXE300 assembled and shipped from PanLink’s Polish site in Tczew.
Back in 2007, Cox Powertrain had a mission to deliver a revolutionary new concept in ultra-lightweight diesel engines. This ignited the beginning of the CXO300. A high powered, diesel outboard engine. With experienced engineers from premium automotive combustion backgrounds, Cox took the best from the automotive world and combined it with the very best technologies from the marine industry, to design and build the next chapter in diesel engines.
IT DOESN’T GET MUCH MORE “MISSION CRITICAL” AT SEA THAN WHAT TACTICAL WATERCRAFT NEED TO DO. WITH NEW OXE DIESEL OUTBOARDS ONBOARD, THE GAME-CHANGING WHISKEY ALPHA 8.5 DEVELOPED BY TWO AUSTRALIAN EX-SERVICEMEN LOOKS SET TO NOT ONLY STORM THE MARKET FOR SUCH CRAFT, BUT PROVIDE VERSATILITY AND SAFETY BEYOND ANYTHING IN THE WORLD.
OXE Marine AB (“The Company”) announced the following significant events during the year:
The company name changed from Cimco Marine AB (publ) to OXE Marine AB (publ)
The company received EUR 4 m in funding, relating to Tranche B of the EIB facility.
PanLink in Tczew, Poland selected as the production partner for the OXE300 and Outdoor Network Manufacturing in Albany, USA selected as the new manufacturing partner for the 125hp to 200hp series.
Following the successful collaboration with the BMW Group of marinizing their 3 liter, 6 cylinder bi-turbo engine for use in the OXE300s, OXE Marine AB and BMW agreed to co-brand the OXE300.