Vessel Year Charter Charter Charter Name DWT Built Type Deployment Commencement Period Hire Isminaki 74,577 1998 Panamax Period 2/25/2005 24-26 $31,250 months Birthday 71,504 1993 Panamax Period 4/1/2005 24-26 $28,100 months First 69,111 1994 Panamax Period 5/7/2005 24-25 $28,500 Endeavour months Angela 73,798 1998 Panamax Period 10/27/2006 24-26 $26,500 Star months Powerful 70,083 1994 Panamax Period 4/12/2005 24 $28,000 months Happy 71,694 1997 Panamax Period 12/09/2006 23-25 $25,500 Day months Rodon 73,670 1993 Panamax Period 11/28/2006 20-23.5 $24,000 months Fortezza 69,634 1994 Panamax Period 8/30/2006 12-14 $28,000 months Emerald 45,572 1998 Handymax Period 7/8/2006 11-13 $20,000 months Attractive 41,524 1985 Handymax Period 2/4/2006 11-13 $14,000 months Elinakos 73,751 1997 Panamax Period 7/28/2006 11-12 $22,000 months Renuar 70,128 1993 Panamax Short 7/3/2006 4-6 $23,500 Period months Princess I 38,858 1994 Handymax Short 4/25/2006 4-6 $14,000 Period months Vessel Year Name DWT Built Type Deployment Marybelle 42,552 1987 Handymax Spot Lady 41,090 1985 Handymax Spot Goldmar 39,697 1984 Handymax Spot Swift 37,687 1984 Handymax SpotAbout 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 17 vessels (ten Panamax and seven Handymax vessels) with a total carrying capacity of 1,004,930 dwt. 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: Contact: 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