Maritrans Announces Insider Block Trade

Friday, August 08, 2003
Maritrans Inc. today announced the sale of securities by insiders in a block trade. Maritrans' Chairman, Stephen A. Van Dyck, and Secretary, Janice M. Van Dyck, sold a combined 81,000 shares of Maritrans Inc. common stock to Merrill Lynch at a price per share of $14.00. Stephen A. Van Dyck, Chairman of Maritrans, commented, "A substantial portion of both Janice's and my personal net worth is invested in Maritrans stock. We decided it was prudent to provide some diversification in our portfolios. Although the sale reduces our total Maritrans stock holdings by 81,000 shares, we continue to own over 350,000 shares and have a beneficial interest in over 650,000 shares through restricted shares and stock options. While we may engage in other appropriate diversification transactions from time to time, we expect to remain a substantial stockholder of Maritrans for the foreseeable future."

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Marine Electronics

Vesper Marine Updates WatchMate Vision

Vesper Marine, a manufacturer of marine safety products, announced a free upgrade for its flagship AIS Class B transponder, the WatchMate Vision, streamlining usability,

Port of London Bridge Simulator Upgraded

The Port of London Authority (PLA) has invested £250,000 to upgrade its ship’s bridge simulator, adding a full tug bridge simulator in a move that is set to enable

VDRs Refit on UK Royal Fleet Auxiliary Ships

Danelec Marine informs it has supplied new-generation Voyage Data Recorders (VDRs) for three U.K. Royal Fleet Auxiliary (RFA) Bay-Class Landing Ship Dock (LSD) vessels.

Finance

Pirates Switch to Kidnapping Crew as Oil Fetches Less

Pirate gangs in West Africa are switching to kidnapping sailors and demanding ransom rather than stealing oil cargoes as low oil prices have made crude harder to sell and less profitable,

Baltic Index Down for Third Straight Session

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday for the third straight session, as demand for bigger vessels weakened.

Kongsberg, DNV GL Partner to Reduce Training Costs

Kongsberg Maritime has entered a partnership with class society DNV GL to issue Product Certificates for Maritime Simulator Systems required by maritime training

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Pipelines Pod Propulsion Salvage Ship Repair Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0780 sec (13 req/sec)