Quintana Maritime Limited Takes Delivery of Vessel

ATHENS, Greece–(BUSINESS WIRE)–July 21, 2005–Quintana Maritime Limited (NASDAQ:QMAR) announced today that it has taken delivery of another 1997 built Panamax vessel. The vessel named “Barbara” has a carrying capacity of 73,390 deadweight tons (dwt) and will be employed with Cargill under a one year time charter at Panamax Baltic Freight Index linked hire rate.