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Quintana Maritime Limited

Quintana Maritime Limited, based in Greece, is an international provider of dry bulk cargo marine transportation services. As of today, the company owns and operates a fleet of 26 vessels, including 12 Kamsarmax bulkers, 11 Panamax size vessels and 3 Capesize vessels with a total carrying capacity of 2,309,281 dwt and an average age of 3.9 years on a dwt weighted average. It has also entered into agreements to acquire 2 additional Kamsarmax bulkers with expected delivery between March and April 2007 and with an aggregate capacity of 164,600 dwt. In addition, Quintana has recently entered into an agreement to acquire an additional Capesize vessel with 170,162 dwt cargo capacity with expected delivery between March and April 2007. Once all acquisitions are completed, Quintana will have a fleet of 29 dry bulk vessels, including 4 Capesize vessels, 11 Panamax vessels and 14 Kamsarmax vessels, with a total capacity of 2,644,043 dwt and an average age of 3.9 years on a dwt weighted average. For more information about the Company, please go to the company's website www.quintanamaritime.com