As of September 15th, 2005 Excel's shares trade on the New York
Stock Exchange (NYSE) under the same symbol -- EXM.

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written content

TMM and KCS previously announced that the
Fiscal Court had made this favorable ruling from the bench on January
26, 2005. Such forward-looking statements are based on the
beliefs of TMM 's and KCS' management as well as on assumptions made.

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The company's current fleet consists of 18 vessels (one Capesize,
ten Panamax and seven Handymax vessels) with a total carrying capacity of
1,112 ,070 dwt.

Business Editors

KANSAS CITY, Mo.com

Included in this press release are certain forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933 , as amended, and Section 21E of the Securities Exchange Act of
1934, as amended.

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The Company was incorporated in 1988 and its common stock is
listed on the American Stock Exchange (AMEX) since 1998 , trading under the
symbol EXM. These statements
involve known and unknown risks and are based upon a number of assumptions
and estimates which are inherently subject to significant uncertainties and
contingencies, many of which are beyond the control of the Company. Factors that could cause actual results to
differ materially include, but are not limited to changes in the demand for
dry bulk vessels, competitive factors in the market in which the Company
operates; risks associated with operations outside the United States; and
other factors listed from time to time in the Company's filings with the
Securities and Exchange Commission. Readers are cautioned that all
forward-looking statements involve risks and uncertainty.

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de C.

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PRESS RELEASE Excel Maritime Carriers (EXM) Enters a One-Year Charter on M/V Rodon

The Company expressly disclaims any
obligations or undertaking to release publicly any updates or revisions to
any forward-looking statements contained herein to reflect any change in
the Company's expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is based.
In its written decision, the Fiscal Court states that TFM's legal
right to receive the fully inflated VAT refund was expressly
established in the Federal Appellate Court's prior decision in this
case, issued on June 11, 2003. For
additional information relating to such risks and uncertainties,
readers are urged to review TMM's and KCS' respective filings and
submissions with the Securities and Exchange Commission under the
Securities Exchange Act of 1934, as amended.

europe if

A. In implementing the June 11, 2003 and
November 24, 2004 Federal Appellate Court decisions, the Fiscal Court
ordered the federal tax authorities to make the VAT refund to TFM
through a single certificate issued in TFM's name, and to refund
through that certificate the original amount of the VAT refund due,
increased for inflation and interest from the date the tax authorities
should have made the refund in 1997, until the date that the refund
certificate is actually delivered to TFM.

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KCS is a transportation holding company that has railroad
investments in the United States, Mexico and Panama.kcsi.

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----Grupo TMM, S.V.
Both sites offer Spanish/English language options. Visit KCS' web site at
http://www.

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Words such as "expects," "intends," "plans, " "believes,"
"anticipates," "hopes," "estimates," and variations of such words and
similar expressions are intended to identify forward-looking statements.com.

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Actual
results may differ materially from those expressed or implied by such
forward-looking statements.

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excelmaritime.tfm.

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A.

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M /V Rodon is a Panamax dry bulk carrier of approximately 73,670 dwt, built
in 1993
in Korea, which the Company acquired and took delivery of in June 2005. ("TFM") was served on
February 18, 2005 with the favorable written decision of the Federal
Tribunal of Fiscal and Administrative Justice (the ''Fiscal Court'')
carrying out the mandate of the Federal Court of the First Circuit
(the "Federal Appellate Court"), dated November 24, 2004, which
recognized TFM's legal right to receive not only the original amount
of the Value Added Tax ("VAT") refund due from the Mexican Government
(approximately 2.1 billion pesos), but also for inflation and interest
on that amount from 1997.

employment listed

(BMV:TMM A) (NYSE:TMM)("TMM") and Kansas City Southern (NYSE:KSU)
("KCS") announced that TFM, S.

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government directories

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 chartered M/V Rodon for a period of about 12/14 months at US$ 20,250
per day to a first class European charterer . The Fiscal Court also
vacated its prior decisions in this matter. KCS' rail
holdings and investments , including TFM, are primary components of a
NAFTA Railway system that links the commercial and industrial centers
of the United States, Canada and Mexico.

employment transportation

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About Excel Maritime Carriers Ltd

The Company 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.
Although the Company believes that the expectations reflected in such
forward -looking statements are reasonable, no assurance can be given that
such expectations will prove to have been correct. Visit TMM's web site at
http://www.
Actual results could differ materially from those included in such
forward-looking statements.

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com

Forward-Looking Statement

This press release contains forward-looking statements (as defined in
Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended) concerning future events
and the Company's growth strategy and measures to implement such strategy;
including expected vessel acquisitions and entering into further time
charters.

Headquartered in Mexico City, TMM is a Latin American multimodal
transportation company. Headquartered in Kansas City, Missouri , KCS serves customers in
the central and south central regions of the United States.

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prefectures greek

CEO Christopher Georgakis commented, "We continue to implement our fleet
deployment strategy of securing period charters for new acquisitions and
within this context we have secured a one-year employment for M/V Rodon ,
which will further enhance the visibility and stability of our earnings.

Federal Government Directed to Issue VAT Certificate In Accordance With Appellate Court Order

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For more information
about the company, please go to our corporate website www.

Its primary
domestic holdings include The Kansas City Southern Railway Company,
founded in 1887, and The Texas Mexican Railway Company , founded in
1885.

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Through its branch offices and network of
subsidiary companies, TMM provides a dynamic combination of ocean and
land transportation services.

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If your site is written in Greek , it will be listed in World/Greek.

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