Fleet Deployment (as of the date of this Press Release):
Charter Expected
Year Deplo- Commen- Charter Redeliv- Charter
Vessel Name DWT Built Type yment cement Period ery Hire
------- ----- -------- ------ ------- ------- -------- -------
4/24/ 24-26
Isminaki 74,577 1998 Panamax Period 2007 months May-09 $32,000
------- ----- -------- ------ ------- ------- -------- -------
10/27/ 24-26
Angela Star 73,798 1998 Panamax Period 2006 months Nov-08 $26,500
------- ----- -------- ------ ------- ------- -------- -------
7/07/ 23-25
Powerful 70,083 1994 Panamax Period 2007 months Jul-09 $39,000
------- ----- -------- ------ ------- ------- -------- -------
First 8/25/ 23-25
Endeavour 69,111 1994 Panamax Period 2007 months Sept-09 $45,000
------- ----- -------- ------ ------- ------- -------- -------
12/11/ 23-25
Happy Day 71,694 1997 Panamax Period 2006 months Dec-08 $25,500
------- ----- -------- ------ ------- ------- -------- -------
1/26/ 22-24
Renuar 70,128 1993 Panamax Period 2007 months Jan-09 $26,000
------- ----- -------- ------ ------- ------- -------- -------
7/20/ 22-24
Princess I 38,858 1994 Handymax Period 2007 months Jun-09 $30,000
------- ----- -------- ------ ------- ------- -------- -------
11/27/ 21-23
Rodon 73,670 1993 Panamax Period 2006 months Aug-08 $24,000
------- ----- -------- ------ ------- ------- -------- -------
8/30/ 12-14
Fortezza 69,634 1993 Panamax Period 2006 months Sep-07 $28,000
------- ----- -------- ------ ------- ------- -------- -------
7/29/ 11-12
Elinakos 73,751 1997 Panamax Period 2006 months Aug-07 $22,000
------- ----- -------- ------ ------- ------- -------- -------
Short 1/20/ 6-8
Marybelle 42,552 1987 Handymax Period 2007 months Sep-07 $25,000
------- ----- -------- ------ ------- ------- -------- -------
Short 4/27/ 6-8
Lady 41,090 1985 Handymax Period 2007 months Dec-07 $29,000
------- ----- -------- ------ ------- ------- -------- -------
8/20/ 5-7
Emerald 45,588 1998 Handymax Period 2007 months Feb-08 $42,900
======= ===== ======== ====== ======= ------- -------- -------
Year Deplo-
Vessel Name DWT Built Type yment
======= ===== ======== ======
Birthday 71,504 1993 Panamax Spot
======= ===== ======== ======
Attractive 41,524 1985 Handymax Spot
======= ===== ======== ======
Swift 37,687 1984 Handymax Spot
======= ===== ======== ======
Additional Vessels to be delivered in Q4 2007
July M 55,567 2005 Supramax
======= ===== ========
Mairouli 53,206 2005 Supramax
------- ----- --------
About Excel Maritime Carriers Ltd.
The Company 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. The Company's current fleet consists of 16 vessels (ten Panamax
and six Handymax vessels) with a total carrying capacity of 965,249 dwt. In
addition, the company has agreed to acquire two Supramax vessels, expected
to be delivered to the Company within the fourth quarter 2007. Upon
delivery of these vessels, the Company will have a fleet of 18 vessels (ten
Panamax, two Supramax and six Handymax vessels) with a total carrying
capacity of 1,074,022 deadweight tons. The Company was incorporated in 1988
and its common stock had been listed on the American Stock Exchange (AMEX)
since 1998. As of September 15, 2005 Excel Maritime is listed on the New
York Stock Exchange (NYSE), trading under the symbol EXM. For more
information about the Company, please go to our corporate website
www.excelmaritime.com.
Forward-Looking Statement
This press release contains forward-looking statements (as defined in
Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended) concerning future events
and the Company's growth strategy and measures to implement such strategy;
including expected vessel acquisitions and entering into further time
charters. Words such as "expects," "intends," "plans," "believes,"
"anticipates," "hopes," "estimates," and variations of such words and
similar expressions are intended to identify forward-looking statements.
Although the Company believes that the expectations reflected in such
forward-looking statements are reasonable, no assurance can be given that
such expectations will prove to have been correct. These statements
involve known and unknown risks and are based upon a number of assumptions
and estimates which are inherently subject to significant uncertainties and
contingencies, many of which are beyond the control of the Company. Actual
results may differ materially from those expressed or implied by such
forward-looking statements. Factors that could cause actual results to
differ materially include, but are not limited to changes in the demand for
dry bulk vessels, competitive factors in the market in which the Company
operates; risks associated with operations outside the United States; and
other factors listed from time to time in the Company's filings with the
Securities and Exchange Commission. The Company expressly disclaims any
obligations or undertaking to release publicly any updates or revisions to
any forward-looking statements contained herein to reflect any change in
the Company's expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is based.
Contact Information: 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: nbornozis@capitallink.com www.capitallink.com Company: Christopher Georgakis Chief Executive 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: info@excelmaritime.com www.excelmaritime.com