| Business Summary | | Excel
Maritime
Carriers
Ltd.
is
an
owner
and
operator
of
dry
bulk
carrier
vessels
and
product
tankers.
Excel
Maritime
Carriers
is
a
provider
of
worldwide
seaborne
transportation
services
for
crude
oil,
petroleum
products,
and
dry
bulk
cargo.
The
Company
intends
to
expand
its
presence
in
the
tanker
market
and
dry
bulk
market,
in
particular,
and
may
also
diversify
into
the
container
shipping
sector.
In
accordance
with
this
strategy,
the
Company
intends
to
purchase
additional
vessels
in
the
open
market
as
market
conditions
warrant.
For
most
of
2000,
the
Company
owned
and
operated
seven
vessels
consisting
of
one
oil
tanker
and
six
dry
bulk
vessels.
At
December
31,
2000,
the
Company
owned
and
operated
six
vessels,
one
of
which
was
an
oil
tanker,
and
the
remaining
five
were
dry
bulk
carriers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | EXM
is
an
international
provider
of
worldwide
seaborne
transportation
services
for
crude
oil,
refined
petroleum
products,
and
dry
bulk
cargo.
For
the
fiscal
year
ended
12/31/00,
revenues
totaled
$39.1
million,
up
from
$18.6
million.
Net
income
totaled
$15.2
million,
up
from
$1.8
million.
Revenues
reflect
an
increase
in
the
total
number
of
fleet
operating
days
and
increased
investment
income.
Earnings
also
reflect
lower
vessel
operating
expenses
as
a
percentage
of
revenues. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Gabriel Panayotides, 45 | Chairman,
Pres and CEO | George Agadakis, 47 | VP,
COO | Christopher Thomas, 40 | Treasurer,
CFO | Georgina Sousa, 50 | Sec. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|