Quintana Maritime Limited to Present at Bear Stearns 2007 Global Transportation Conference in New York
ATHENS, GREECE -- (MARKET WIRE) -- May 4, 2007 -- Quintana Maritime Limited (NASDAQ: QMAR), a
leading international provider of dry bulk transportation services,
announced today that Stamatis Molaris, the Company's President and Chief
Executive Officer, will be presenting at the Bear Stearns Global
Transportation Conference to be held in New York on Wednesday, May 9, 2007
at 10:30 am EDT.
A live audio webcast of Quintana's presentation will be available for a
period of 60 days along with a PDF version of the slide presentation will
be available on the Quintana Maritime corporate website at
www.quintanamaritime.com in the Investor Relations section.
ABOUT QUINTANA MARITIME LIMITED
Quintana Maritime Limited, based in Greece, is an international provider of
dry bulk cargo marine transportation services. As of today, the company
owns and operates a fleet of 29 vessels, including 14 Kamsarmax bulkers, 11
Panamax size vessels and 4 Capesize vessels with a total carrying capacity
of 2,644,043 dwt and an average age of 4.1 years on a dwt weighted average.
In addition, Quintana has ordered 8 Capesize newbuilding vessels, one of
which will be wholly owned and the remaining seven of which are partially
owned through joint ventures. Once all acquisitions and newbuild orders are
completed and assuming no vessel disposals, Quintana will have a fleet of
37 dry bulk vessels, including 12 Capesize vessels, 11 Panamax vessels and
14 Kamsarmax vessels, with a total capacity of 4,086,043 dwt. The
deadweight average age of the whole fleet, including the Capesize vessels
on order, currently is 1.6 years.
Forward-Looking Statements
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.
Such statements include comments regarding expected revenues and time
charters. 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: Company Contact
Paul J. Cornell
Chief Financial Officer
Tel. 713-751-7525
E-mail: pcornell@quintanamaritime.com
Investor Relations / Financial Media:
Paul Lampoutis
Capital Link, Inc, New York
Tel. 212.661.7566
E-mail: plampoutis@capitallink.com