In March of 2000, the Morania Oil Tanker Corporation of Staten Island, New York. Merged into Penn Maritime Incorporated of Stamford, Connecticut. Establishing offices in Stamford, Connecticut; Staten Island, New York; and Slidell, Louisiana.
Penn Maritime Incorporated owned and operated twenty barges, and seventeen tugboats. The company was a major coastal transporter of heated asphalt products in the United States.
In 2012, Penn Maritime Incorporated was acquired by the Kirby Corporation of Channelview, Texas.