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Excel Maritime Enters Charter for M/V Forteza

Maritime Activity Reports, Inc.

September 1, 2006

Excel Maritime Carriers Ltd., announced that it has chartered M/V Forteza for a period of about 12/14 months at US $28,000 per day to a first class European charterer. The vessel was delivered into charter on August 30, 2006. M/V Forteza is a Panamax dry bulk carrier of 69,634 dwt, built in 1993 in Japan, which the company acquired and took delivery of in March 2005.

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