Year Average TC
Name Type Dwt Built Expiration Date
---------- ---------- ----- -----------------
Capesize
Iron Miner Capesize 177,000 2007 February 2012
Kirmar Capesize 165,500 2001 April 2013
Iron Beauty Capesize 165,500 2001 May 2010
Lowlands Beilun Capesize 170,162 1999 May 2010
Sandra Capesize 180,000 2008 September 2010 (1)
Total Capesize 5 858,162
Kamsarmax
Iron Manolis Kamsarmax 82,300 2007 December 2010
Iron Brooke Kamsarmax 82,300 2007 December 2010
Iron Lindrew Kamsarmax 82,300 2007 December 2010
Coal Hunter Kamsarmax 82,300 2006 December 2010
Pascha Kamsarmax 82,300 2006 December 2010
Coal Gypsy Kamsarmax 82,300 2006 December 2010
Iron Anne Kamsarmax 82,000 2006 December 2010
Iron Vassilis Kamsarmax 82,000 2006 December 2010
Iron Bill Kamsarmax 82,000 2006 December 2010
Santa Barbara Kamsarmax 82,266 2006 December 2010
Ore Hansa Kamsarmax 82,229 2006 December 2010
Iron Kalypso Kamsarmax 82,204 2006 December 2010
Iron Fuzeyya Kamsarmax 82,229 2006 December 2010
Iron Bradyn Kamsarmax 82,769 2005 December 2010
----------
Total Kamsarmax 14 1,151,497
Panamax
Grain Harvester Panamax 76,411 2004 December 2010
Grain Express Panamax 76,466 2004 December 2010
Iron Knight Panamax 76,429 2004 December 2010
Coal Pride Panamax 72,600 1999 October 2009
Isminaki Panamax 74,577 1998 August 2009
Angela Star Panamax 73,798 1998 June 2009
Elinakos Panamax 73,751 1997 September 2009
Happy Day Panamax 71,694 1997 July 2009
Iron Man (A) Panamax 72,861 1997 May 2010
Coal Age (A) Panamax 72,861 1997 September 2009
Fearless I (A) Panamax 73,427 1997 September 2009
Barbara (A) Panamax 73,390 1997 June 2010
Linda Leah (A) Panamax 73,390 1997 September 2009
King Coal (A) Panamax 72,873 1997 July 2011
Coal Glory (A) Panamax 73,670 1995 December 2009
Powerful Panamax 70,083 1994 June 2009
First Endeavour Panamax 69,111 1994 September 2009
Rodon Panamax 73,670 1993 August 2009
Birthday Panamax 71,504 1993 July 2010
Renuar Panamax 70,128 1993 June 2009
Fortezza Panamax 69,634 1993 July 2009
----------
Total Panamax 21 1,532,328
---------- ---------- ----- -----------------
Average TC
Expiration
Name Type Dwt Year Built Date
------------- ------------- ------------- -------------
Supramax
July M Supramax 55,567 2005 June 2009
Mairouli Supramax 53,206 2005 December 2009
-------------
Total Supramax 2 108,773
Handymax
Emerald Handymax 45,588 1998 August 2009
Princess I Handymax 38,858 1994 August 2009
Marybelle Handymax 42,552 1987 June 2009
Attractive Handymax 41,524 1985 July 2009
Lady Handymax 41,090 1985 July 2009
-------------
Total Handymax 5 209,612
-------------
GRAND TOTAL 47 3,860,372
=============
Average age 9.0 Yrs
------------- ------------- ------------- -------------
Estimated
Fleet to be delivered Type Dwt delivery (B)
------------- ------------- -------------
Christine (D) Capesize 180,000 March 2010
Hope (E) Capesize 181,000 November 2010
Lillie (E) Capesize 181,000 December 2010
Total fleet to be delivered 542,000
------------- ------------- -------------
Estimated
delivery
Fleet to be delivered (c) Type Dwt (B)
----------- ----------- -----------
Fritz (E) Capesize 180,000 May 2010
Benthe (E) Capesize 180,000 June 2010
Gayle Frances (E) Capesize 180,000 July 2010
Iron Lena (E) Capesize 180,000 August 2010
----------- ----------- -----------
(1) The vessel will enter into a time charter through February 2016 upon
completion of its current charter.
(A) These vessels were sold in 2007 and leased back on a bareboat charter
through July 2015.
(B) The delivery dates shown in this column are estimates based on the
delivery dates set forth in the relevant shipbuilding contracts or resale
agreements.
(C) No refund guarantee has been received for these newbuildings and Excel
does not believe that the respective new building contracts will
materialize. There can be no assurance that the vessels will be delivered
timely or at all.
(D) Excel holds a 42.8% interest in the joint venture that will own the
vessel.
(E) Excel holds a 50% interest in the joint ventures that will own these
vessels.
For further details on the fleet and their employment please refer to our
website at www.excelmaritime.com
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. After the acquisition of Quintana, Excel owns a fleet of 40
vessels and, together with 7 Panamax vessels under bareboat charters,
operates 47 vessels (5 Capesize, 14 Kamsarmax, 21 Panamax, 2 Supramax and 5
Handymax vessels) with a total carrying capacity of approximately 3.9
million DWT. Excel 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 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 the ability 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: Contacts: 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: excelmaritime@capitallink.com www.capitallink.com Company: Lefteris Papatrifon 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