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Home > Company Index > Transportation > Shipping > Maritrans Inc.

Maritrans Inc.
NYSE: TUG
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 PROFILE
Maritrans is barging ahead with its marine transportation strategy. The company transports oil and petroleum products in the southern and eastern US from its two main docking facilities in Tampa and Philadelphia. Its fleet of four oil tankers, 12 tugboats, and 12 barges has a capacity of 3.8 million barrels. Founded in the 1850s, the company provides its services to integrated and independent oil companies and petroleum distributors such as Sunoco (amounting to about a quarter of revenues). In response to an industry downturn, the company has been downsizing. It has also been converting its single hull tankers into double-hulled vessels to comply with Oil Pollution Act standards.

 COMPETITION
American Commercial Lines LLC (dossier)
Crowley Maritime Corporation (dossier)
Kirby Corporation (KEX)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 123.70
1-Yr. Sales Growth: (18.5)%
Employees: 373
Revenue per employee: $331,635.39

 KEY PEOPLE
• Stephen A. Van Dyck
    CEO
• H. William Brown
    CFO

 CONTACT INFO
2 Harbour Place
Tampa, FL 33602
US
Phone: 813-209-0600
Fax: 813-221-3189
Online: Web Site

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