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                                FORM 10-Q/A-1
                      SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

(Mark One)

            /X/ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                            SECURITIES EXCHANGE ACT OF 1934
                     For the quarterly period ended June 30, 1997

                                         OR

            / / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                            SECURITIES EXCHANGE ACT OF 1934

                For the transition period from__________ to __________

                           Commission file number: 33-82624
                             MORAN TRANSPORTATION COMPANY
                (Exact name of registrant as specified in its charter)

                       Delaware                                04-1299280
(State or other jurisdiction of                                (I.R.S. Employer
incorporation or organization)                               Identification No.)

                                  Two Greenwich Plaza
                              Greenwich, Connecticut 06830
                         (Address of principal executive offices)
                                     (Zip Code)

                                   (203) 625-7800
                    (Registrant's telephone number, including area code)

                                   Not Applicable
                             ____________________________ 
        (Former name, former address and former fiscal year, if changed since
                                     last report)

Indicate by check mark whether the registrant (1) has filed all reports 
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 
1934 during the preceding 12 months (or for such shorter period that the 
registrant was required to file such reports), and (2) has been subject to 
such filing requirements for the past 90 days.

                                     Yes X  No
                                  ________________

Indicate the number of shares outstanding of each of the issuer's classes of 
common stock, as of the latest practicable data.

     As of August 11, 1997, 44,600 shares of the common stock, par value 
     $0.01 per share, of Moran Transportation Company, were issued and 
     outstanding.

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     This amendment to the Quarterly Report on Form 10-Q of Moran 
Transportation Company for the fiscal quarter ended June 30, 1997 (the 
"Original Form 10-Q) amends and modifies the Original Form 10-Q as follows:

     Item 2 of Part I, Management's Discussion and Analysis of Financial 
     Condition and Results of Operations, is amended by the amendment of the 
     first paragraph under the caption "Three months ended June 30, 1996 
     compared to three months ended June 30, 1997" in the section entitled
     "RESULTS OF OPERATIONS."

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ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND 
RESULTS OF OPERATIONS.

RESULTS OF OPERATIONS

Six months ended June 30, 1996 compared to six months ended June 30, 1997

Operating Revenues:  Operating revenues increased 18.9% during the first six 
months of 1997 as compared to the comparable period in 1996. Tug services 
revenues increased by 16.1% to $29.3 million, primarily due to increased 
coastwise towing and revenues from the New York City Department of Sanitation 
contract which began on July 1, 1996. Marine transportation revenues 
increased by 22.9% to $20.7 million reflecting a general improvement in the 
barge markets served by the Company, as well as the revenues generated by two 
new barges operated by the Company, the barge Portsmouth (placed in service 
November, 1996) and the barge Massachusetts (acquired in February, 1997).

Operating Expenses:  Operating expenses increased by $7.1 million, or 28.2%, 
to $32.1 million in the first six months of 1997. The increase is primarily 
due to increased costs for labor, fuel and outside towing due to the 
increased activity discussed above. In addition, operating expenses include 
lease payments for the barge Portsmouth, which was placed in service in 
November 1996. The Company also had higher drydocking amortization expense, 
compared to the first half of 1996.

Depreciation:  Depreciation expense increased by $0.1 million, to $3.9 
million, in the first six months of 1997. This increase was due to additional 
depreciation arising from improvements made to assets.

General and Administrative Expenses:  General and administrative expenses 
increased by $0.3 million, or 3.8%, to $7.3 million in the first six months of 
1997. No individual expense categories have increased or decreased materially.

Operating Income:  Operating income increased by $0.5 million, or 5.6% to 
$6.7 million in the first six months of 1997. This improvement is primarily 
due to the increased revenues described above, partially offset by higher 
operating and general and administrative costs.

Interest Expense:  Interest expense decreased modestly due to the December, 
1996 repayment of a term loan entered into in December, 1994.

Equity in income/(loss) in joint venture - Equity income/(loss) from the 
Company's joint venture decreased from income of $17,000 in the first half of 
1996 to a loss of $268,000 in the first half of 1997. This decrease was due 
to lower rates as well as a drydocking of the vessel, which began in the 
second quarter of 1997.

Net Income:  Net income increased by $0.2 million, to $1.0 million in the 
first six months. The improvement in overall profitability was principally 
driven by higher operating profit.

Three months ended June 30, 1996 compared to three months ended June 30, 1997

Operating Revenues:  Operating revenues increased 18.4% during the second 
quarter of 1997 as compared to the comparable period in 1996. Tug services 
revenues increased by 11.1%, to $13.9 million, primarily due to revenue from 
the New York City Department of Sanitation contract which began on July 1, 
1996. Marine transportation revenues increased by 28.9% to $11.3 million 
reflecting a general improvement in the barge markets served by the Company, 
as well as the revenues generated by two new barges operated by the Company, 
the barge Portsmouth (placed in service November, 1996) and the barge 
Massachusetts (acquired in February, 1997).

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Operating Expenses:  Operating expenses increased by $3.8 million, or 30.3%, 
to $16.1 million in the second quarter of 1997. The increase is primarily due 
to increased costs for labor, fuel and outside towing due to the increased 
activity discussed above. In addition, operating expenses contain the lease 
payments for the barge Portsmouth, which was placed in service in November 
1996.

General and Administrative Expenses: General and administrative expenses 
increased by $0.1 million, or 2.7%, to $3.7 million in the second quarter of 
1997. No individual expense categories have increased or decreased materially.

Operating Income:  Operating income increased slightly ($30,000), due to the 
increased revenues described above, partially offset by higher operating and 
general and administrative costs.

Interest Expense:  Interest expense decreased modestly due to the December, 
1996 repayment of a term loan entered into in December, 1994.

Equity in income/(loss) in joint ventures - Equity income/(loss) from the 
Company's joint venture decreased from income of $54,000 in the second 
quarter of 1996 to a loss of $171,000 in the second quarter of 1997. This 
decrease was due to lower rates as well as a drydocking of the vessel, which 
began in the second quarter of 1997.

Net Income:  Net income decreased by $0.2 million in the second quarter as 
the result of lower equity in income/(loss) in joint venture, partially offset 
by slightly higher operating income and lower interest expense.

LIQUIDITY AND CAPITAL RESOURCES
_______________________________

Cash and cash equivalents for the six months ended June 30, 1997 increased by 
$0.7 million. This increase was attributable to the factors discussed below:

In the six months ending June 30, 1997, net cash provided by operating 
activities was $3.8 million. This was used to fund capital expenditures of 
$3.1 million, (including the purchase of the barge Massachusetts), resulting 
in a net increase of cash and cash equivalents of $0.7 million.

The Company believes that cash flow from current levels of operations and, to 
a lesser extent, availability under the Senior Credit Facility, will be 
adequate to make required payments of interest on the Company's indebtedness, 
as well as to fund ongoing capital expenditures. The Company renewed its 
Senior Credit Facility during the second quarter. It now expires in July, 
2000. In connection with this renewal, the parties agreed to certain interest 
rate reductions and the addition of a new net worth covenant, among other 
changes.

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                                 SIGNATURES

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

                                       MORAN TRANSPORTATION COMPANY

Date: 8/11/97                          By: /s/ Jeffrey J. McAuley
      -------                              ----------------------
                                            Name: Jeffrey J. McAuley
                                            Title: Vice President, Finance
                                            and Administration
                                            (principal financial officer)

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