FORM
6-K
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D. C. 20549
Report of
Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16 of
the
Securities Exchange Act of 1934
For the
month of June 2009
Commission File Number 001-10137
EXCEL
MARITIME CARRIERS LTD.
(Translation
of registrant's name into English)
Par La
Ville Place
14
Par-La-Ville Road
Hamilton,
HM JX, Bermuda
(Address
of principal executive offices)
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
R Form
40-F £
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1): ___
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)7: ____
INFORMATION
CONTAINED IN THIS FORM 6-K REPORT
Attached
hereto as Exhibit 1 is a press release of Excel Maritime Carriers Ltd. released
June 1, 2009.
Excel
Maritime Announces Filing of Recasted Financial Information Resulting From
Adoption of New Accounting Principles
ATHENS, GREECE – June 1, 2009 -- Excel Maritime
Carriers Ltd (NYSE: EXM), an owner and operator of dry bulk carriers and a
provider of worldwide seaborne transportation services for dry bulk cargoes,
announced today that it has filed a Report on Form 6-K (the "Form 6-K")
containing its consolidated financial statements and related information and
data as of and for the year ended December 31, 2008, that have been adjusted to
reflect its adoption of Statement of Financial Accounting Standards No. 160,
"Non-controlling Interests in Consolidated Financial Statements — an amendment
of Accounting Research Bulletin No.51" and FSP No. APB 14-1, "Accounting for
Convertible Debt Instruments That May Be Settled in Cash upon Conversion
(Including Partial Cash Settlement)", as well as the change in the method of
accounting for dry docking and special survey costs from the deferral method to
the direct expense method discussed in the notes to the consolidated financial
statements included in the Form 6-K. The Form 6-K provides retrospective
information to show the effect of the changes in accounting principles that the
Company implemented effective January 1, 2009 to the financials appearing in the
Company's Annual Report on Form 20-F for the year ended December 31, 2008 filed
on May 1, 2009, which includes financial statements for the fiscal years 2006,
2007 and 2008.
The
consolidated financial statements contained in the Form 6-K are audited, and
supersede the consolidated financial statements included in the Company's Annual
Report on Form 20-F filed on May 1, 2009. Except to the extent relating to the
updating of the Company's consolidated financial statements and other financial
information described above, the consolidated financial statements and other
disclosures in the Form 6-K do not reflect any changes from that included in the
Company's Annual Report on Form 20-F filed on May 1, 2009 (except Notes 19(g)
and (h)).
ABOUT EXCEL MARITIME
CARRIERS LTD
Excel is
an owner and operator of dry bulk carriers and a provider of worldwide seaborne
transportation services for dry bulk cargoes, such as iron ore, coal and grains,
as well as bauxite, fertilizers and steel products. Excel owns a fleet of 40
vessels and, together with 7 Panamax vessels under bareboat charters, operates
47 vessels (5 Capesize, 14 Kamsarmax, 21 Panamax, 2 Supramax and 5 Handymax
vessels) with a total carrying capacity of approximately 3.9 million DWT.
Excel Class A common shares have been listed since September 15, 2005 on
the New York Stock Exchange (NYSE) under the symbol EXM and, prior to that date,
were listed on the American Stock Exchange (AMEX) since 1998. For more
information about the Company, please go to our corporate website www.excelmaritime.com.
Contacts:
|
Investor
Relations / Financial Media:
Nicolas
Bornozis
President
Capital
Link, Inc.
230
Park Avenue – Suite 1536
New
York, NY 10160, USA
Tel: (212)
661-7566
Fax:
(212) 661-7526
E-Mail:
excelmaritime@capitallink.com
www.capitallink.com
|
Company:
Eleftherios
Papatrifon
Chief
Financial Officer
c/o
Excel Maritime Carriers Ltd.
17th
Km National Road Athens-Lamia & Finikos Street
145
64 Nea Kifisia
Athens,
Greece
Tel:
011-30-210-62-09-520
Fax:
011-30-210-62-09-528
E-Mail:
ir@excelmaritime.com
www.excelmaritime.com
|
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.
|
|
|
(registrant)
|
|
|
Dated: June 1,
2009
|
/s/ Lefteris
Papatrifon
|
|
By: Lefteris
Papatrifon
|
|
|
Chief Financial
Officer
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SK 02545 0001
1000862