8-K

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 Current Report
                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)            November 20, 2001

                                 MARITRANS INC.
              (Exact name of company as specified in its charter)




            Delaware                         1-9063                     51-0343903
                                                               
(State or Other Jurisdiction of      (Commission File Number)        (I.R.S. Employer
Incorporation or Organization)                                      Identification No.)




               Two Harbour Place
             302 Knights Run Avenue
                   Suite 1200
           Tampa, Florida 33602                       33602
  (Address of principal executive offices)          (Zip Code)



                                 (813) 209-0600
         (Telephone number, including area code, of agent for service)





Item 5. Other Events

     On November 20, 2001, Maritrans Inc. entered into a new five-year
financing agreement with a syndicate of financial institutions. Mellon Bank led
the transaction and was joined by Fleet Bank, Hibernia Bank and SunTrust Bank.
The new facility consists of a $45 million term loan and a $40 million revolving
credit facility. The new debt will have floating interest rates. The press
release relating to the financing agreement is filed as Exhibit 99.1 to this
Form 8-K and is incorporated herein by reference.

Item 7. Financial Statements and Exhibits

        (c) Exhibits

            99.1 -- Press release dated November 27, 2001*



* Filed herewith




                                   SIGNATURES

     Pursuant to the requirements of the Securities Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.

                                      MARITRANS INC.

Date:   November 28, 2001             By: /s/ Walter T. Bromfield
                                          -----------------------------------
                                          Walter T. Bromfield
                                          Treasurer and Controller

EX-99

[LOGO]

Two Harbour Place
302 Knights Run Avenue
Tampa, FL 33602
813-209-0600
800-922-4596

FOR FURTHER INFORMATION CONTACT:
WALTER T. BROMFIELD (813) 209-0602
H. WILLIAM BROWN (813) 209-0601

                                                           NEWS
                                                           RELEASE
                                                           FOR IMMEDIATE RELEASE

                 MARITRANS ANNOUNCES NEW FINANCING ARRANGEMENT

     TAMPA, FL (November 27, 2001) - Maritrans Inc. (NYSE symbol TUG) today
announced that the Company has entered into a new five-year financing agreement
with a syndicate of financial institutions. Mellon Bank led the transaction and
was joined by Fleet Bank, Hibernia Bank and SunTrust Bank. The new facility
consists of a $45 million term loan and a $40 million revolving credit facility.
The new debt will have floating interest rates and should cost significantly
less than the previous 9.25 percent fixed-rate indenture that was paid off in
October. This new financing is another step in Maritrans' efforts to improve the
efficiency of its balance sheet and will facilitate the Company's ongoing
capital reinvestment program.

     Maritrans Inc. is a U.S. based company with a 73-year commitment to
building and operating petroleum transport vessels for the U.S. domestic trade.
Maritrans is headquartered in Tampa, FL and maintains an office in the
Philadelphia area that supports the Northeast crude oil lightering operations.
The common stock of Maritrans Inc. is listed on the New York Stock Exchange
under the symbol "TUG".

     The information in this release includes certain forward-looking
statements. These statements involve known and unknown risks, uncertainties and
other factors that may cause actual results, levels of activity, growth,
performance, earnings per share or achievements to be materially different from
that expressed in or implied by such forward-looking statements. These
statements are based on assumptions the Company believes are reasonable, but a
variety of factors could cause the Company's actual results, goals, targets or
objectives to differ materially from those contemplated, projected, forecast,
estimated, anticipated, planned or budgeted. Such factors include, among others,
changes in oil companies' operating and sourcing decisions, competition for
marine transportation, domestic oil consumption, the continuation of federal law
restricting United States point-to-point maritime shipping to U.S. vessels (the
Jones Act), demand for petroleum products, future spot market rates, the impact
of the early pay-down of long-term debt on operating results, changes in
interest rates and the general financial, economic, environmental and regulatory
conditions affecting the oil and marine transportation industry in general.

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