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Marine industry technology news ranges from engine and other product debuts to reports of executive promotions and interviews with CEOs.

Viking Life-Saving Equipment adds branch in Brazil

Viking Life-Saving Equipment is expanding its presence in Brazil with a new branch in São Paulo’s Santos seaport. Strategically located close to the harbor and covering 9,688 square feet of space, the new location offers life raft servicing, and there are plans to introduce servicing for lifeboats, suits, life jackets and marine fire service soon.…more

Aqualuma wins two export awards

Aqualuma Marine Lighting won two Club Marine Australian Marine Industry Export Awards at this year’s Sydney International Boat Show. Aqualuma was awarded Marine Industry Exporter of the Year and Best Marine Industry Export Marketing Strategy by the Australian International Marine Export Group. “We’re very proud and excited to win these awards,” Aqualuma co-director Carl Amor…more

Cobra Electronics reports 2Q results

Cobra Electronics Corp., a global designer and marketer of mobile communications and navigation products, today reported net income of $517,000, or 8 cents a share, for the second quarter, compared with a net loss of $364,000, or 6 cents a share, for the second quarter of 2010. Operating income increased to $951,000 for the current…more

Congress could review styrene designation

Executives representing the styrene, styrenic composites and boatbuilding industries praised the co-chairmen of three House caucuses for urging congressional leaders to convene bipartisan oversight hearings and submit letters of inquiry challenging the styrene classification contained in the National Toxicology Program’s recent 12th Report on Carcinogens. Styrene is one of eight new substances listed in the…more

Cummins reports 2Q results

Cummins Inc. today reported record sales and earnings for the second quarter on strong growth in nearly every global market. The company’s engine, components and distribution segments each delivered record sales and earnings. Second-quarter sales were $4.6 billion, up 45 percent from the same period last year. Earnings before interest and taxes were $775 million…more

Volvo Penta debuts new 200-hp engine

With the formal launch of its 4.3Gi, 200-hp entry-level V-6 engine, Volvo Penta completed the transition to the New Generation, New Technology gasoline sterndrive lineup it started a year ago, the company announced. “Our decision to exit the low-horsepower, carbureted engine market allowed our engineers to focus their energy on creating state-of-the-art propulsion packages designed…more

Cummins CEO announces retirement

Cummins Inc. announced the retirement of Tim Solso, 64, the company’s chairman and chief executive since 2000. Solso will be succeeded by Tom Linebarger, Cummins’ president and chief operating officer. Linebarger, 48, has been with Cummins for 17 years and he formerly was president of Cummins Power Generation and served as the company’s chief financial…more

Cummins boosts stock dividend

The board of Cummins Inc. increased the company’s quarterly cash dividend on common stock by 52 percent, to 40 cents a share, from 26.25 cents a share. The dividend is payable Sept. 1 to shareholders of record on Aug. 22. Cummins last raised its dividend in July of 2010. “Cummins had its most profitable year…more

Composites One receives safety award

Composites One recently received a platinum award from Great West Casualty Co. as part of a 2010 national safety awards program. This is the ninth consecutive year that Composites One has been an award recipient. “Composites One is committed to a culture that promotes accident prevention, allowing for the safe delivery of its materials year…more

SureShade offers online dealer sales kit

SureShade, a designer and manufacturer of retractable sunshade systems for the marine industry, launched a suite of resources to assist boat dealers in the sales and installation of SureShade sunshade systems as a value-add option for clients on new or aftermarket boats. SureShade recently expanded boat dealer service and support resources to include access to…more

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