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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE
13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of August, 1999
EXCEL MARITIME CARRIERS LTD.
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(Translation of registrants name into English)
Par La Ville Place, 14 Par-La-Ville Road, Hamilton HM JX Bermuda
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(Address of principal executive office)
[Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F.
Form 20-F / / Form 40-F / /
[Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934. Yes / / No / /
[If Yes is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2 (b):
82-___________________________.]
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The following is the text of a press release which has been
distributed by the Company:
EXCEL MARITIME CARRIERS LTD.
Par La Ville Place, 14 Par-La-Ville Road, Hamilton HM JX Bermuda
HAMILTON, BERMUDA, June 30, 1999 - EXCEL MARITIME CARRIERS LTD
(EXM:AMEX) announces the filing of its Semiannual Report for Six
Months Period ending June 30, 1999.
The Semiannual Report contains unaudited consolidated financial
statements of the Company reflecting the operation of four
vessels, two crude oil tankers and two dry bulk carriers during
the period. The Company recorded net income for the period of
US$634,000 and earnings per share of US$0.10.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.
EXCEL MARITIME CARRIERS LTD.
Date: August 16, 1999 by /s/ Gabriel Panayotides
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Gabriel Panayotides
Chairman
02545001.AB1
