Fleet Deployment (as of the date of this Press Release): Charter Vessel DWT Year Type Deploy- Commence- Charter Expected Charter Name Built ment ment Period Redelivery Hire 12-14 Fortezza 69,634 1993 Panamax Period 8/30/2006 months Nov-07 $28,000 Short 6-8 Lady 41,090 1985 Handymax Period 4/27/2007 months Dec-07 $29,000 Short 5-7 Emerald 45,588 1998 Handymax Period 8/20/2007 months Feb-08 $42,900 Short 5-7 Marybelle 42,552 1987 Handymax Period 10/06/2007 months Apr-08 $50,650 Rodon 21-23 Angela 73,670 1993 Panamax Period 11/27/2006 months Aug-08 $24,000 24-26 Star 73,798 1998 Panamax Period 10/27/2006 months Nov-08 $26,500 23-25 Happy Day 71,694 1997 Panamax Period 2/11/2006 months Dec-08 $25,500 22-24 Renuar 70,128 1993 Panamax Period 1/26/2007 months Jan-09 $26,000 24-26 Isminaki 74,577 1998 Panamax Period 4/24/2007 months May-09 $32,000 22-24 Princess I 38,858 1994 Handymax Period 7/20/2007 months Jun-09 $30,000 23-25 Powerful 70,083 1994 Panamax Period 7/07/2007 months Jul-09 $39,000 First 23-25 Endeavour 69,111 1994 Panamax Period 8/25/2007 months Sept-09 $45,000 11-12 Elinakos 73,751 1997 Panamax Period 7/29/2006 months Oct-09 $58,000 Vessel DWT Year Built Type Deployment Name 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 SupramaxAbout 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: firstname.lastname@example.org 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: email@example.com www.excelmaritime.com