MARITRANS L.P. BEGINS OFFERING
Maritrans GP Inc said it began an
offering of 12.25 mln depositary units representing limited
partnership interests of Maritrans Partners L.P. at 9.75 dlrs
per unit.
    After completion of the offering, Maritrans will own and
operate the tug and barge business currently owned by Sonat
Marine Inc and other subsidiaries of Sonat.
 Reuter
