A thrust drive unit for generating side thrust for improved maneuverability of a marine vessel employs a peripherally-driven propeller situated below the waterline and remotely powered by a motor situated well above the waterline via a drive belt. The propeller is supported by the two ends of the coaxial shaft by a pair of supports which are mounted on either side of the casing and are angularly adjustable with respect thereto about the thrust axis to a position which is least resistance-generating for a particular installation of the thrust drive unit on a vessel. The lower portion disposed for submerged operation has a substantially blade-like cross section with a narrow thickness aligned transversely to the longitudinal axis of the vessel. The cross section of the submerged portion is streamline shaped to help further minimize the resistance. Such hydro-dynamically efficient design makes the present invention well suited for being fixedly mounted in the operating position on a vessel for mechanical simplicity and ease of use, without compromising the vessel's performance.