Excel Maritime Takes Physical Delivery of MV Princess I and MV Angela Star
June 7, 2005
Excel Maritime Carriers
Ltd, an owner and operator of dry bulk carriers and a provider of
worldwide seaborne transportation services for dry bulk cargo has announced
today that it has taken physical delivery of two vessels, MV Princess I at the
port of Izmit in Turkey and MV Angela Star at the port of Taean in South
Korea.
MV Princess I is a Handymax bulk carrier of 38,858 dwt built in 1994 and
MV Angela Star is a Panamax bulk carrier of 73,798 dwt built in 1998. Both
vessels were built in Japan. The company agreed to acquire MV Princess I on
February 21, 2005 and MV Angela Star on March 23, 2005.
CEO Christopher Georgakis commented: "We are very pleased to have taken
delivery of MV Princess I and MV Angela Star. With these deliveries in place
the company has successfully taken physical delivery of 14 vessels within the
past six months."
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