The past decade has been a period of rapid growth for marine electromagnetic (EM) methods, predominantly due to the industrial adoption and promotion of EM as a valuable tool for characterizing offshore hydrocarbon reservoirs. This growth is illustrated by a database of marine EM publications spanning from the early developments in the 1960's to the present day; while over 300 peer-reviewed papers on marine EM have been published to date, more than half of these papers have been published within the last decade. This review provides an overview of these recent developments, covering industrial and academic use of marine EM for resource exploration and tectonic investigations, ranging from acquisition technology and modeling approaches to new physical and geological insights learned from recent data sets.