OXE Diesel News

OXE Marine boosts margin with higher OXE300 sales

The outboard engine manufacturer continues to assess use of BMW’s 4-cylinder two litre turbo diesel engine for marine application Swedish diesel outboard engine producer OXE Marine has issued its latest interim report for its second quarter ending June 30, with the boating boom around much of the globe beginning to register in the results.

Diesel outboards on the Atchafalaya River

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.

Proteum Power In Partnership Webinar

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.

Magnus Grönborg to start as CEO of OXE Marine AB (publ) on 1 July 2021

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.

OXE Marine AB (publ) Interim report 1 January to 31 Mars 2021

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.

WHISKEY ALPHA 85 & OXE DIESEL OUTBOARD

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 publishes annual report for 2020

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.

Full steam ahead

The Gåsø Høvding, which is equipped to transport large volumes of fish as well as carrying out delousing, is indicative of one trend in the vessels being built to service aquaculture: size. Farm units themselves are becoming ever more ambitious in terms of volume, and the vessels that serve them have had to follow suit. Fuel efficiency was also a key consideration for Shetland-based Flugga Boats, which recently built six workboats for Grieg Seafood. The boats – which are made of aluminium with a high density polyethylene (HDPE) collar – are fitted with OXE diesel outboard engines, which combine economy with reliability and endurance. The OXE outboards not only save on fuel but extend endurance.

Power, durability and economy

One company is changing the outboard market by lowering emissions and costs. Nature is a force of its own, and to operate within it requires both trust in onboard crew, but also trust in the equipment used. More importantly, commercial users in aquaculture depend on their gear to ensure that they can perform their daily operations. OXE Marine AB, are the innovators behind OXE Diesel, a diesel outboard developed specifically for commercial users. OXE Diesel combines the reliability and endurance of marine inboards with the flexibility and agility of outboard engines.

Strong and sustainable

Flugga Boats, based in Shetland, has focused on sustainability, safety and useability to create workboats that are efficient and practical. The company has built six boats for Grieg Seafood, four with a forward cabin and two with an open aft cuddy. The boats use OXE diesel outboards which are remarkably fuel-efficient. Farm operators rate the workboats highly for their safety, seakeeping and comfort. They are also pleased with the boats’ versatility and low maintenance costs.