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

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

SmartPlug Systems registers trademarks

SmartPlug Systems recently trademarked its name and logo, the company announced. “Trademarking our company name and logo shows how serious we are about transforming the current shore power systems,” company founder Ken Smith said in a statement. “Electricity and water are a combination that traditional plugs and outlets don’t really protect against. While SmartPlug is…more

Composites One signs deal with Bayer

Bayer MaterialScience LLC and Composites One announced a distribution agreement in which Composites One will sell Bayer MaterialScience’s polyurethane resin systems directly to composite parts manufacturers throughout the United States. The agreement covers the distribution and sale of all fully formulated Bayer MaterialScience polyurethane systems developed for use in manufacturing composite parts, particularly those manufactured…more

SmartPlug Systems receives manufacturing award

SmartPlug Systems won the Emerging Manufacturer of the Year award from Seattle Business magazine. The award was part of the second annual Washington Manufacturing Awards. Winners were chosen from dozens of nominations by judges the magazine convened. “We are so honored to have been selected from approximately 150 entries,” company founder Ken Smith said in…more

Industry vows fight on styrene designation

The U.S. styrene industry will “contest vigorously” the U.S. Department of Health and Human Services’ listing of styrene in its 12th Report on Carcinogens, Jack Snyder, executive director of the Styrene Information and Research Center, said in a statement. “The designation is completely unjustified by the latest science and resulted from a flawed process that…more

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