Excel Maritime Carriers Takes Delivery of Two Supramax Vessels

Excel Maritime Carriers Ltd, an owner and operator of dry bulk carriers and a provider of worldwide seaborne transportation services for dry bulk cargoes, announced today that it took delivery of two Supramax vessels, the M/V Mairouli and the M/V July M, on December 11, 2007 and December 14, 2007 respectively, which the Company had agreed to acquire in July 2007 for $63 mil each. Upon delivery to the Company, the two vessels were deployed in the spot market.