What usually happens is after you have used the ,motor at the end of the day give it a few pumps of grease helps stop the drips.
you can always replace it if you want with a modern sealing system Volvo make one , PSS seal kits are another like Ive just fitted and tides marine make one also if you search on you tube and google is your friend also
PSS seal kit
My old rope seal system with a grease hose fitted up so the grease nipple is easier to grease.
I think I still have the hose kicking around if you wanted to fit it
Also check all your hose clamps for rust and also make sure all there hose clamps are tight and check every sea cock you have and there hoses and clamps are in good order and the clamps are tight
Enjoy your B.O.A.T. Which Ill leave for Cisco to tell you what it means if you don't already