Excel Maritime Enters Charter for M/V Forteza

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.