Stephen Van Dyck News

Maritrans Inc. announced it will release December 31, 2003 quarterly earnings on the afternoon of Monday, February 9, 2004. Walter Bromfield, Chief Financial Officer, joined by Stephen Van Dyck, Chairman, and Philip Doherty, Chief Executive Officer, will host an investor conference call on Tuesday, February 10, 2004, at 10:00 am eastern time to discuss the results. To access the conference call, dial 1-800-731-1045. Following the teleconference, a replay of the call may be accessed by dialing 1-800-633-8284 and entering the reservation number 21183827. The replay will be available from 12:00 pm eastern time on Tuesday, February 10, 2004, to 5:00 pm eastern time on Tuesday, February 17, 2004

The Council of Intertanko elected Mr Stephen Van Dyck, Chairman of Maritrans Inc., as its new chairman, as nominated by the Executive Committee. Van Dyck said "It is an honor for me to be entrusted with the Intertanko chairmanship. While the buoyancy of the current freight market raises our spirits, there remains much work to be done in the next few years. My initial focus will be on sharpening our processes for guiding Intertanko; implementing a review of our mission and strategy; and expanding our membership. Van Dyck is Chairman of Maritrans Inc., a company based in Florida in the U.S. operating a fleet of over 475,000 dwt and 3.5m barrels capacity…

INTERTANKO's Council unanimously elected Stephen Van Dyck as the Association's new Chairman during the recent Dubai Tanker Event. Van Dyck is chairman of Florida-based Maritrans Inc. which operates over 475,000 dwt of ocean-going Super Barges (11) of 21,000-56,000 dwt and handy tankers (4) of 35-40,000 dwt. He has been with the company since 1974, became COO in 1975 , President in 1981 and CEO and Chairman in 1987. Over thirty years he has built a shipping operation widely respected for its high quality operations and strong financial performance. His "Not One Drop" programme has now been going for 15 years and has led to zero oil spills in 2002 and just 16 gallons in 2003 including deck spills…

INTERTANKO commends the agreement between the members of the International Association of Classification Societies (IACS) that the new Common Structural Rules for tankers and for bulk carriers will be adopted by all IACS members. More than five years ago, INTERTANKO played a major role in calling for such rules, and has since been actively involved with the class societies, and with the Tripartite talks between shipowners, shipbuilders and class, to help transform these important changes from theory into reality. When this association called earlier this year for good rules and common rules as quickly as possible, its Chairman Stephen Van Dyck added that the speed of completion should be achieved without sacrificing their quality and efficiency.

INTERTANKO’s fleet has grown by 12.5% or 21.3m deadweight tons to 194m dwt owned by independent tanker owners as tankers belonging to fifteen owners put up to its Council for their consideration were approved. 16 applications for associate membership were also considered and approved by Council. The two biggest owners entering are Frontline (13.3m dwt) and American Eagle Tankers (6.1m dwt). The next six largest entries are Marmaras Navigation, Sea Fortune Shipping, Estoril Navigation, A.K.Shipping and Trading, Eastwind Shipmanagement, FR8 Shipmanagement, and Calisa SpA, with 1.6m dwt between them. Also JB Ugland, Zest Shipping, FAL Shipping, Transmarine Management, Chemmariner Shipping, with 250,000 dwt between them.

Maritrans Inc. will release June 30, 2003 quarterly earnings on the afternoon of Wednesday, July 30, 2003. Walter Bromfield, Chief Financial Officer, joined by Stephen Van Dyck, Chairman, and Philip Doherty, Chief Executive Officer, will host an investor conference call on Thursday, July 31, 2003, at 2:30 pm eastern time to discuss the results. To access the conference call, dial 1-888-328-2938. Following the teleconference, a replay of the call may be accessed by dialing 1-800-633-8284 and entering the reservation number 21154391. The replay will be available from 4:30 pm eastern time on Thursday, July 31, 2003, to 5:00 pm eastern time on Tuesday, August 5, 2003.

For the past 75 years, Maritrans has maintained a high level of customer satisfaction due to its constant vigilance regarding safety and performance. In order to instill and maintain these efforts, the company has always been quick to pursue individuals who can maintain this level of excellence. Most recently with Phil Doherty, who took over the head post at the Tampa, Fla.-based company this past April 1, 2003. No April Fool's joke here, as Doherty, who credits his passion and commitment to Maritrans and the offshore industry, has big plans for the tug and tanker company - the fate of which now lies within his hands. While Maritrans' business platform may have begun on its 75-year traditions, the company has never balked at the opportunity to embrace new technology.

Tampa Bay Shipbuilding & Repair Company was recently chosen by Maritrans Operating Partners L.P., a subsidiary of Maritrans, Inc., to retro-fit the company's second single-hull vessel, Ocean 244, to meet the requirements of OPA 90, through double-hull conversion. Tampa Bay Shipbuilding & Repair Company will utilize the same Maritrans innovative CAD and manufacturing process (patent pending by Maritrans) used on Tampa's first conversion of Maritrans 192 (former Ocean 192). "We've earned the importance of internal measurement [since the first conversion]," says Tom Hagner, double hull program manager for Maritrans. "As a result, we'lll be pre-fabricating modules in October…