Hi, Dan.. usually this means that the water seal has gone bad and it is time to rebuild the pump. The seals (Yanmar part# 128170-42110 and 124240-91450) and bearings (24101-060004) are standard parts that can be bought at a bearing supply place, or from Yanmar; the shaft (part#128170-42060) may have worn where the seal contacts it and may need to be replaced as well. If you don’t feel comfortable doing that pump rebuild yourself, talk to the Mack Boring folks about a rebuild, or a new pump assembly (part # 128170-42000). When the leak gets worse, seawater will get into the crankcase and contaminate the oil and really make a mess. Might as well change the impeller too. (128170-42070, gasket 128170-42090)) Some of these part numbers are old numbers and when you call for them, the parts guy will cross reference to the correct ones. Not a bad job but moderately expensive. Good Luck.