Oil transporting firm buys 2 Md. terminals

February 18, 1993|By Ross Hetrick | Ross Hetrick,Staff Writer

Maritrans GP Inc., a Philadelphia oil transporting company, said yesterday that it had bought two oil terminals in Salisbury for an undisclosed amount.

The company bought the adjacent terminals from Exxon Corp. and Chevron Corp., which had said last year that they were considering closing the facilities.

Maritrans took over the terminals Feb. 10 and will operate them as one facility, said Ed Flood, the company's vice president of corporate development. The operation will be known as Maritank Maryland Inc.

The two terminals occupy 25 acres and have 14 oil tanks, with a capacity of 7.1 million gallons. The major customers for the terminal will be Exxon and Chevron, but the facility will also be available to other oil companies, Mr. Flood said.

This is the second oil terminal purchase by Maritrans, which was known as Sonat Marine before 1986. The company bought its first terminal in Philadelphia in 1991.

Maritrans, with 34 tugs and 44 barges, is the largest U.S. oil barging operation. It also recently formed a company called Marispond Inc. to provide oil-spill planning and cleanup services to other shipping companies.

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