Vessel Name DWT Year Built Type Deployment
------------ ------------ ------------ ------------
Lady 41,090 1985 Handymax Short Period
------------ ------------ ------------ ------------
Emerald 45,588 1998 Handymax Short Period
------------ ------------ ------------ ------------
Fortezza 69,634 1993 Panamax Short Period
------------ ------------ ------------ ------------
Marybelle 42,552 1987 Handymax Short Period
------------ ------------ ------------ ------------
Rodon 73,670 1993 Panamax Period
------------ ------------ ------------ ------------
Angela Star 73,798 1998 Panamax Period
------------ ------------ ------------ ------------
Happy Day 71,694 1997 Panamax Period
------------ ------------ ------------ ------------
Renuar 70,128 1993 Panamax Period
------------ ------------ ------------ ------------
Isminaki 74,577 1998 Panamax Period
------------ ------------ ------------ ------------
Princess I 38,858 1994 Handymax Period
------------ ------------ ------------ ------------
Powerful 70,083 1994 Panamax Period
------------ ------------ ------------ ------------
First Endeavour 69,111 1994 Panamax Period
------------ ------------ ------------ ------------
Elinakos 73,751 1997 Panamax Period
------------ ------------ ------------ ------------
Charter Charter Expected
Vessel Name Commencement Period Redelivery Charter Hire
------------ ------------ ------------ ------------
Lady 4/27/2007 6-8 months Jan-08 $ 29,000
------------ ------------ ------------ ------------
Emerald 8/20/2007 5-7 months Feb-08 $ 42,900
------------ ------------ ------------ ------------
Fortezza 11/01/2007 4-5 months Apr-08 $ 93,000
------------ ------------ ------------ ------------
Marybelle 10/06/2007 5-7 months Apr-08 $ 50,650
------------ ------------ ------------ ------------
Rodon 11/27/2006 21-23 months Aug-08 $ 24,000
------------ ------------ ------------ ------------
Angela Star 10/27/2006 24-26 months Nov-08 $ 26,500
------------ ------------ ------------ ------------
Happy Day 12/11/2006 23-25 months Dec-08 $ 25,500
------------ ------------ ------------ ------------
Renuar 1/26/2007 22-24 months Jan-09 $ 26,000
------------ ------------ ------------ ------------
Isminaki 4/24/2007 24-26 months May-09 $ 32,000
------------ ------------ ------------ ------------
Princess I 7/20/2007 22-24 months Jun-09 $ 30,000
------------ ------------ ------------ ------------
Powerful 7/07/2007 23-25 months Jul-09 $ 39,000
------------ ------------ ------------ ------------
First Endeavour 8/25/2007 23-25 months Sept-09 $ 45,000
------------ ------------ ------------ ------------
Elinakos 7/29/2006 11-12 months Oct-09 $ 58,000
------------ ------------ ------------ ------------
Year
Vessel Name DWT Built Type Deployment
-------- -------- -------- --------
Birthday 71,504 1993 Panamax Spot
-------- -------- -------- --------
July M 55,567 2005 Supramax Spot
-------- -------- -------- --------
Mairouli 53,206 2005 Supramax Spot
-------- -------- -------- --------
Attractive 41,524 1985 Handymax Spot
-------- -------- -------- --------
Swift 37,687 1984 Handymax Spot
-------- -------- -------- --------
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 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 http://www.excelmaritime.com