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 May 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 May 3, 2005
announcing the delivery of two vessels to Excel Maritime Carriers Ltd. (the
"Company").
ADDITIONAL INFORMATION
None.
Exhibit 1
[GRAPHIC OMITTED]
NEWS RELEASE for May 3, 2005, at 7:35 AM EDT
--------------------------------------------
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) info@excelmaritime.com
brian@allencaron.com
212 691 8087
EXCEL MARITIME TAKES PHYSICAL DELIVERY OF MV ELINAKOS AND MV HAPPY DAY
PIRAEUS, GREECE (May 3, 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 that it has taken physical delivery
of two Panamax bulk vessels, MV Elinakos at Taichung, Taiwan and MV Happy Day at
Kohsichang, Thailand.
MV Elinakos is a Panamax dry bulk carrier of approximately 74,000 dwt,
built in 1997 in Japan; MV Happy Day, also a Panamax dry bulk carrier, is
approximately 72,000 dwt built in 1997 in Japan. The Company agreed to acquire
both on March 23, 2005.
CEO Christopher Georgakis commented, "With the deliveries of MV Elinakos
and MV Happy Day, the Company has successfully taken physical delivery of five
new acquisitions in April, with a further five deliveries remaining for the
forthcoming weeks."
About Excel Maritime Carriers Ltd
---------------------------------
The Company is an owner and operator of nineteen dry bulk carriers with a
total carrying capacity of 1,211,570 mt dwt, after having taken delivery of all
new acquisitions, 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, fertilizers and steel products. The Company was incorporated in
1988 under the laws of Liberia.
The following table represents the existing fleet together with the new
acquisitions:
Existing Fleet
Name Dwt Year Built Type Delivery Date
Fighting Lady 146,313 1983 Capesize
Almar I 107,140 1979 Capesize
Isminaki 74,577 1998 Panamax
Birthday 71,500 1993 Panamax
Powerful 70,000 1994 Panamax
Renuar 70,000 1993 Panamax
Elinakos 74,000 1997 Panamax
Happy Day 72,000 1997 Panamax
Lady 41,090 1985 Handymax
Swift 37,687 1984 Handymax
Goldmar 39,697 1984 Handymax
Marybelle 42,552 1987 Handymax
Lucky Lady 27,422 1975 Handysize
Total 873,978
New Acquisitions
First Endeavour 69,111 1994 Panamax Early May 2005
Angela Star 73,000 1998 Panamax Early July 2005
Forteza 70,000 1993 Panamax Early July 2005
Emerald 45,572 1998 Handymax Early May 2005
Princess I 38,385 1994 Handymax Late May 2005
Attractive 41,524 1985 Handymax Second Half April 2005
Total 337,592
Grand Total 1,211,570
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.
# # # #
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: May 5, 2005 By: /s/ Christopher J. Georgakis
----------------------------
Christopher J. Georgakis
President and
Chief Executive Officer
02545.0001 #569040