Cox Powertrain announced at the Fort Lauderdale International Boat Show that production of the CXO300 diesel outboard is “imminent” and that it will start shipping engines before the end of the year.

The company is holding demonstrations at the show with Florida distributor Ring Power on an Intrepid Nomad 345. The company said in a statement that the boat cruised at 40 to 46 mph, burning 20 to 28 gallons per hour. Cox Powertrain said the same boat with twin gas outboards burned 24 to 35 gph at the same speeds.

Making 300 hp at the prop shaft, the twin-turbo CXO300 is the highest-rated diesel outboard. It’s built on a V-8 block designed for marine applications and weighs 848 pounds. The engine is EPA Tier 3 compliant. It’s available in shaft lengths of 25, 30 and 35 inches. Retail pricing is $52,000 to $56,000 depending on shaft length. The outboard is available with Teleflex joystick operation.

During the press announcement, Bruce Woodfin, Cox Powertrain’s North America account manager, said the company is ramping up production and will be producing 38 engines a week at its headquarters in the United Kingdom. The company says it plans to open a facility in Florida and that it has 400 dealers worldwide.