SOURCE: Excel Maritime

September 25, 2009 16:05 ET

Excel Maritime Announces the Results of Its Annual General Shareholders Meeting

ATHENS, GREECE--(Marketwire - September 25, 2009) - Excel Maritime Carriers Ltd (NYSE: EXM), an owner and operator of dry bulk carriers and a provider of worldwide seaborne transportation services for dry bulk cargoes, announced today the results of the annual general meeting of its shareholders (the "AGM"). At the meeting the following proposals were approved and adopted: (1) the election of six (6) Directors of the Company; (2) the appointment of Ernst & Young as the Company's independent auditors for the fiscal year ending December 31, 2009; and (3) an amendment to the Company's Articles of Incorporation to increase the number of authorized shares of the Company's Class A common stock, each as described in the AGM's Proxy Statement submitted to EDGAR in a Report on Form 6-K on August 31, 2009.

ABOUT EXCEL MARITIME CARRIERS LTD

Excel is an owner and operator of dry bulk carriers and a provider of worldwide seaborne transportation services for dry bulk cargoes, such as iron ore, coal and grains, as well as bauxite, fertilizers and steel products. Excel owns a fleet of 40 vessels and, together with 7 Panamax vessels under bareboat charters, operates 47 vessels (5 Capesize, 14 Kamsarmax, 21 Panamax, 2 Supramax and 5 Handymax vessels) with a total carrying capacity of approximately 3.9 million DWT. Excel Class A common shares have been listed since September 15, 2005 on the New York Stock Exchange (NYSE) under the symbol EXM and, prior to that date, were listed on the American Stock Exchange (AMEX) since 1998. For more information about the Company, please go to our corporate website www.excelmaritime.com.

Contact Information

  • Contacts:

    Investor Relations / Financial Media:

    Nicolas Bornozis
    President
    Capital Link, Inc.
    230 Park Avenue - Suite 1536
    New York, NY 10160, USA
    Tel: (212) 661-7566
    Fax: (212) 661-7526
    E-Mail: excelmaritime@capitallink.com
    www.capitallink.com

    Company:

    Lefteris Papatrifon
    Chief Financial Officer
    c/o Excel Maritime Carriers Ltd.
    17th Km National Road Athens-Lamia &
    Finikos Street
    145 64 Nea Kifisia
    Athens, Greece
    Tel: 011-30-210-62-09-520
    Fax: 011-30-210-62-09-528
    E-Mail: ir@excelmaritime.com
    www.excelmaritime.com