Total marine market largely unchanged

Demand for marine engines in Europe and North America in the third quarter remained largely unchanged, compared with the preceding quarter. The trend to date this year in major marine markets has been characterized by caution among boat buyers and this trend has continued in the wake of the global turmoil in financial markets. The financial concern also impacted the global market for industrial engines, where global demand declined from high levels following a strong period during 2010 and 2011.