Maritrans Chairman Stephen A. Van Dyck Receives Industry Appointments.

Business Editors

TAMPA, Fla.--(BUSINESS WIRE)--Nov. 13, 2003

Maritrans Inc. (NYSE: TUG) today announced that its Chairman, Stephen A. Van Dyck, has recently been elected to the Board of the American Petroleum Institute (API). Mr. Van Dyck also has been nominated by the Executive Committee of INTERTANKO (International Association of Independent Tanker Owners) for election as Chairman of INTERTANKO.

The American Petroleum Institute represents the interests of oil companies in the United States, and is governed by representatives of some of the world's leading energy companies. Maritrans has been a member of API for many years, and Mr. Van Dyck will be one of the oil service executives serving on the Board.

INTERTANKO, with offices in London, Oslo, Singapore and Washington, represents the interests of the world's independent tanker owners. The INTERTANKO election will take place at the next Council meeting in March 2004. "INTERTANKO's work to be the powerful and representative voice of all its members is crucial to the well-being of the tanker industry," says Mr. Van Dyck, "and I will work to support our vision of safe transport and cleaner seas."

Mr. Van Dyck has been the principal executive at Maritrans and its predecessors since the mid-seventies. Over that time, Maritrans became a leader in innovative and safe transportation of oil along the coasts of the United States with its tankers and articulated tug/barge units. The Company has won numerous environmental awards, including the U.S. Coast Guard's prestigious Benkert Award. The Company is in the middle of a major capital program, rebuilding its single-hull ocean going barge fleet with double hulls. The patented process permits the Company to achieve modern environmental standards for approximately half the cost of new construction, which helps to keep oil product costs down for American consumers and improves investment returns for Maritrans' shareholders. "My appointments to these prestigious organizations are a reflection of the hard work and dedication of the entire Martians' team," commented Mr. Van Dyck.

Mr. Van Dyck currently serves as Chairman of the Chamber of Shipping of America, and has been Chairman of the West of England P&I (Luxembourg) insurance company for eighteen years. He is a member of the board of trustees of the Seaman's Church, Webb Institute of Naval Architecture, and Connecticut College. His passion for sailing the world's oceans and racing in five Americas' Cup Challenges inspired his desire to keep the seas clean and his drive to make Maritrans an environmental leader.

ABOUT MARITRANS

Maritrans Inc. is a U.S. based company with a 75-year commitment to building and operating petroleum transport vessels for the U.S. domestic trade. It owns and operates one of the largest double-hull fleets serving the U.S. coastwise trade.

The fleet currently consists of four oil tankers and eleven oceangoing tug/barge units with an aggregate capacity of approximately 3.6 million barrels. Nearly 60 percent of its capacity is double-hulled. The Company is headquartered in Tampa, Florida, and maintains an office in the Philadelphia area that supports its northeast crude oil lightering operations. The common stock of Maritrans Inc. is listed on the New York Stock Exchange under the symbol "TUG."

ABOUT INTERTANKO

INTERTANKO has been the voice of independent tanker owners since 1970, ensuring that the oil, products and chemicals needed to keep the world economy turning are shipped safely, responsibly and competitively.

Membership is open to independent tanker owners and operators of oil and chemical tankers, i.e. non-oil companies and non-state controlled tanker owners, who fulfil the Association's membership criteria. Independent owners operate some 80% of the world's tanker fleet and the vast majority are INTERTANKO members. The organization has over 240 members, whose combined fleet comprises more than 2,160 tankers totalling over 160 million dead weight tons ("dwt") - 70% of the world's independent tanker fleet above 10,000 dwt. INTERTANKO's associate membership stands at over 270 companies with an interest in shipping of oil and chemicals.

ABOUT API

The American Petroleum Institute is the primary national trade association representing America's oil and natural gas industry with more than 400 corporate members from all sectors of the industry including exploration and production, refining, distribution and marketing.