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 that on Tuesday, May 22, 2007, after the close of the
market in New York it will release its results for the first quarter ended March 31, 2007.
The next day, Wednesday, May 23, 2007 at 10:00 a.m. EDT, the company’s management will
host a conference call to discuss the results.