| Quintana Maritime Limited Pandoras 13 & Kyprou Street 166 74 Glyfada Greece |  |
NEWS RELEASE
Quintana Maritime Limited
Takes Delivery of Vessel
ATHENS, Greece — July 21, 2005–Quintana Maritime Limited (NASDAQ: QMAR)announced today that it has taken delivery of another 1997 built Panamax vessel. The vessel named “Barbara” has a carrying capacity of 73,390 deadweight tons (dwt) and will be employed with Cargill under a one year time charter at Panamax Baltic Freight Index linked hire rate.
About Quintana Maritime Limited
Quintana Maritime Limited is a Greece based international provider of dry bulk marine transportation. The fleet now includes six Panamax size vessels with a cargo carrying capacity of 439,082 dwt and an average age of approximately 8.3 years.
Contact Information:
Paul J. Cornell
Chief Financial Officer
(713) 751-7525
pcornell@quintanamaritime.com
05-02 -end-