FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of March 2005
EXCEL MARITIME CARRIERS LTD.
(Translation of registrant's name into English)
67 Akti Miaouli Street
18537 Piraeus
Greece
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F |X| Form 40-F |_|
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes |_| No |X|
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Attached hereto as Exhibit 1 is a press release dated March 8, 2005
announcing the commencement of an offering of up to 5,899,000 shares of its
Class A common shares by Excel Maritime Carriers Ltd. (the "Company").
ADDITIONAL INFORMATION
None.
NEWS RELEASE for March 8, 2005 at 7:35 AM EST
---------------------------------------------
Contact: Allen & Caron Inc Christopher Georgakis, CEO
Joe Allen (investors) Excel Maritime Carriers Ltd
joe@allencaron.com +30 210 45 98 692
Brian Kennedy (media) excel@otenet.gr
brian@allencaron.com
212 691 8087
EXCEL MARITIME CARRIERS FILES
PROSPECTUS SUPPLEMENT COVERING THE PROPOSED
SALE(S) OF UP TO 5,899,000 SHARES OF CLASS A COMMON STOCK
PIRAEUS, GREECE (March x, 2005) . . . . Excel Maritime Carriers Ltd (Amex: EXM),
a shipping company specializing in the seaborne transportation of dry bulk
cargoes such as iron ore, coal and grains, announced today that it is commencing
a public offering of up to 5,899,000 shares of its Class A common stock. Sales
of Class A common shares will be made pursuant to the Company's effective shelf
registration statement on Form F-3 (File No. 333-120259). Cantor Fitzgerald &
Co. and Hibernia Southcoast Capital will act as the Company's sales agents.
The net proceeds of any such sales of Class A common stock are expected to be
used to acquire drybulk carriers and, to a lesser extent, for general corporate
purposes.
This press release shall not constitute an offer to sell or the solicitation of
an offer to buy nor shall there be any sale of these securities in any state in
which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any state.
The offering will be made only by means of a prospectus and related prospectus
supplement. A prospectus and the related prospectus supplement related to the
offering will be filed with the Securities and Exchange Commission. A copy of
the Prospectus and the Prospectus Supplement may be obtained from:
Cantor Fitzgerald & Co.
135 East 57th St.
New York, NY 10022
(telephone) 212-829-4803
MORE-MORE-MORE
EXCEL MARITIME CARRIERS FILES PROSPECTUS SUPPLEMENT COVERING THE PROPOSED
SALE(S) OF UP TO ________ SHARES OF CLASS A COMMON STOCK Page 2-2-2
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 cargo. This includes
commodities such as iron ore, coal, grains, as well as bauxite, cement,
fertilizers and steel products. The Company was incorporated in 1988 under the
laws of Liberia.
Forward Looking Statement
-------------------------
This press release may contain 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.
# # # #
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
EXCEL MARITIME CARRIERS LTD.
(registrant)
Dated: March 8, 2005 By: /s/ Christopher J. Georgakis
----------------------------
Christopher J. Georgakis
President and
Chief Executive Officer
02545.0001 #553528