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Excel Maritime Carriers Ltd
ATHENS, GREECE --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.
On Apr 16, 2008, Excel Maritime Carriers completed its acquisition of Quintana Maritime. As a
result of the merger, Quintana will operate as a wholly owned subsidiary of Excel under the name
Bird Acquisition. Under the terms of the merger agreement, each issued and outstanding share
of Quintana common stock was converted into the right to receive $13 in cash, and 0.397
Excel class A common shares.
After the acquisition of Quintana, Excel owns a fleet of 40 vessels and, together with 7 Panamax
vessels under bareboat charters, operates 47 vessels (4 Capesize, 21 Panamax, 14 Karsarmax,
2 Supramax and 6 Handymax vessels) with a total carrying capacity of approximately 3.7 million
DWT and an average age of approximately eight years..
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.
17th Km National Road
Athens Lamia & Finikos Street
Athens 145 64