Caterpillar reports drop in marine engine sales

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Caterpillar continued to report a decline in marine engine sales, according to data filed with the Securities and Exchange Commission.

The company reported a 27 percent decline in marine engine sales in May, compared with the same month last year. This follows declines of 27 percent and 33 percent reported in April and March respectively, compared with those months in 2010.

All other segments Caterpillar serves reported increases in sales.