29.4.11

Renuar: Panamax Bulker released




EXCEL MARITIME CARRIERS LTD. owned bulk carrier to Fujairah (UAE) from Port Louis (Mauritius) hijacked 11th December 2010, 550 nautical miles off the coast of India was released April 23.



EXCEL MARITIME CARRIERS LTD.
As of December 31, 2010, Lhada Holdings Inc. owned approximately 17.0% of our outstanding Class A common shares and none of our outstanding Class B common shares, representing approximately 5.5% of the total voting power of our outstanding capital stock. Lhada Holdings Inc. is owned by a trust, the beneficiaries of which are certain members of the family of the Company's Chairman.

As of December 31, 2010, Tanew Holdings Inc. owned approximately 17.0% of our outstanding Class A common shares and none of our outstanding Class B common shares, representing approximately 5.5% of the total voting power of our outstanding capital stock. Tanew Holdings Inc. is owned by a trust, the beneficiaries of which are certain members of the family of the Company's Chairman.

As of December 31, 2010, our chairman, Mr. Gabriel Panayotides, owned approximately 39.0% of our outstanding Class A common shares and approximately 36.4% of our outstanding Class B common shares, representing approximately 37.3% of the total voting power of our capital stock. more

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