| Business Summary | | Maritrans
Inc.
is
engaged
in
marine
transportation
business
activities
through
its
wholly
owned
subsidiaries
Maritrans
Operating
Partners
L.P.
and
Maritrans
General
Partner
Inc.
These
subsidiaries,
directly
and
indirectly,
own
and
operate
oil
tankers,
tugboats
and
oceangoing
petroleum
tank
barges
principally
used
in
the
transportation
of
oil
and
related
products
along
the
Gulf
and
Atlantic
Coasts.
The
Company
primarily
operates
in
the
Gulf
of
Mexico
and
along
the
coastal
waters
of
the
Northeastern
United
States,
particularly
the
Delaware
Bay.
In
2000,
approximately
87%
of
the
Company's
revenues
were
generated
from
10
customers.
Contracts
with
Sunoco
Inc.,
Marathon
Ashland
Petroleum
and
Chevron
accounted
for
approximately
24%,
18%
and
12%,
respectively,
of
the
Company's
revenue. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | TUG
owns
and
operates
oil
tankers,
tugs
and
barges
principally
used
in
the
transportation
of
oil
and
related
products
along
the
Gulf
and
Atlantic
Coasts,
and
own
and
operate
pertroleum
storage
facilities
on
the
Atlantic
Coast.
For
the
six
months
ended
6/01,
revenues
rose
8%
to
$63.4
million.
Net
income
totalled
$5.6
million,
up
from
$9
thousand.
Revenues
reflect
increased
average
daily
rates.
Earnings
also
reflect
decreased
maintenance
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Stephen Van Dyck, 57 Chairman
and CEO | $1.1M | H. William Brown, 62 CFO | -- | John Burns, 48 Pres,
Maritrans Operating Partners L.P. | 476K | Stephen Hackett, 42 Pres,
Maritrans Chartering Co., Inc. | 295K | Janice Smallacombe, 41 Sr.
VP and Corp. Sec. | 445K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|