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  Historical Background

The company’s history dates back to February 1989, when it was listed on the AMEX and NASDAQ under the name of B+H Maritime Carriers Ltd. In October 1997 B&H Maritime, which had ceased operations and disposed of its assets, was acquired in order to serve as a vehicle to access the US Capital markets. In May 1998 the name of the company was changed to Excel Maritime Carriers Ltd, and operations commenced.

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