Excel Maritime Announces the Results of Its Annual General Shareholders Meeting

ATHENS, GREECE--(Marketwire - October 7, 2010) -  Excel Maritime Carriers Ltd (NYSE: EXM), an owner and operator of dry bulk carriers and an international 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 seven (7) Directors of the Company, as set forth in Proposal One in the Proxy Statement distributed to shareholders in connection with the AGM, and 2) The appointment of Ernst & Young as the Company's independent auditors for the fiscal year ending December 31, 2010, as set forth in Proposal Two in the Proxy Statement distributed to shareholders in connection with the AGM.

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 seven Panamax vessels under bareboat charters and one Capesize vessel that operates through a joint venture in which it participates by 71.4%, operates 48 vessels (6 Capesize, 14 Kamsarmax, 21 Panamax, 2 Supramax and 5 Handymax vessels) with a total carrying capacity of over 4.0 million DWT. Excel's 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 Excel, please go to our corporate website www.excelmaritime.com.

Contact Information:

Contacts:
Investor Relations / Financial Media:
Nicolas Bornozis
Capital Link, Inc.
230 Park Avenue - Suite 1536
New York, NY 10169, USA
Tel: (212) 661-7566
Fax: (212) 661-7526
E-Mail: excelmaritime@capitallink.com
www.capitallink.com

Company:
Pavlos Kanellopoulos
Chief Financial Officer
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