8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)
August 22, 2005

QUINTANA MARITIME LIMITED

(Exact name of registrant as specified in its charter)

Marshall Islands
(State or other jurisdiction of
incorporation or organization) 000-51412
(Commission
File Number) 98-0453513
(IRS Employer
Identification No.)

Quintana Maritime Limited
c/o Quintana Management LLC
Pandoras 13 & Kyprou Street
166 74 Glyfada
Greece
(Address of principal executive office)

011-30-210-898-5056
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 7.01     REGULATION FD DISCLOSURE

     On August 22, 2005, the Quintana Maritime Limited (the “Company”) issued a press release announcing the delivery of its eighth vessel. A copy of the press release is attached hereto as Exhibit 99.1. The Company also issued a press release announcing that its quarterly earnings call will be held on Thursday, August 25, 2005 at 12 p.m. EDT. A copy of the press release is attached hereto as Exhibit 99.2.

     The Company is furnishing the information contained in this report, including Exhibits 99.1 and 99.2 pursuant to Regulation FD promulgated by the Securities and Exchange Commission (“SEC”). This information shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (“Exchange Act”) or otherwise subject to the liabilities of that section, unless we specifically incorporate it by reference in a document filed under the Exchange Act or the Securities Act of 1933. By filing this report on Form 8-K and furnishing this information, the Company makes no admission as to the materiality of any information in this report, including Exhibits 99.1 and 99.2 or that any such information includes material investor information that is not otherwise publicly available.

     The information contained in this report, including the information contained in Exhibits 99.1 and 99.2 is summary information that is intended to be considered in the context of our SEC filings and other public announcements that the Company may make, by press release or otherwise, from time to time. The Company disclaims any current intention to revise or update the information contained in this report, including the information furnished in Exhibits 99.1 and 99.2 although the Company may do so from time to time as our management believes is warranted. Any such updating may be made through the furnishing or filing of other reports or documents with the SEC, through press releases or through other public disclosure.

ITEM 9.01     FINANCIAL STATEMENTS AND EXHIBITS

99.1	Press release of Quintana Maritime Limited dated August 22, 2005.
99.2	Press release of Quintana Maritime Limited dated August 22, 2005.

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.

QUINTANA MARITIME LIMITED
By:	/s/ PAUL J. CORNELL
	Paul J. Cornell
	Chief Financial Officer

Dated: August 22, 2005

EXHIBIT INDEX

Exhibit 99.1	—     Press Release dated August 22, 2005.
Exhibit 99.2	—     Press Release dated August 22, 2005

EX-99.1

Exhibit 99.1

Quintana Maritime Limited
Pandoras 13 & Kyprou Street
166 74 Glyfada
Greece

NEWS RELEASE

Quintana Maritime Limited
Takes Delivery of Vessel and Completes Initial Fleet

ATHENS, Greece, August 22, 2005 - Quintana Maritime Limited (NASDAQ: QMAR), an international provider of dry bulk cargo marine transportation services, announced that it has taken delivery of another Panamax vessel, Linda Leah, with a carrying capacity of 73,390 deadweight tons (dwt).

Linda Leah will operate under a three-year time charter at a net daily rate of USD23,750 with Fratelli D’ Amato, a major Italian charterer and shipowner.

Stamatis Molaris, the CEO of Quintana Maritime commented “With the delivery of Linda Leah we now have in place our initial fleet of 8 Panamax vessels. Quintana has a fleet of young and modern large Panamax vessels, which presents us with a competitive advantage in the dry bulk market.

Linda Leah is a sister ship with the Panamax vessel Barbara, already in Quintana’s fleet. In our total fleet of 8 vessels, we have two sets of sister ships, the first with four vessels (Iron Man, Fearless 1, Coal Age, Coal Glory) and the other with two (Linda Leah and Barbara). Sister ships indicate vessels of the same class made in the same shipyard. The sister ship concept further enhances our operational flexibility.

We are also pleased that in conformity with our strategy to secure long term employment for our vessels and provide our investors with predictable cash flows, Linda Leah will operate under a three-year time charter at a very attractive rate.”

UPDATED FLEET PROFILE

Quintana’s Fleet is currently composed of the following vessels

			Year	Age (in	Delivered
Vessel	Type	dwt	Built	years)	to QMAR
Fearless 1 King Coal Coal Glory Coal Age Iron Man Barbara Coal Pride Linda Leah   Total Fleet	Panamax Panamax Panamax Panamax Panamax Panamax Panamax Panamax   8 Vessels	73,427 72,873 73,670 72,861 72,861 73,390 72,600 73,390   585,072	1997 1997 1995 1997 1997 1997 1999 1997	8 8 10 8 8 8 6 8   8 years average	4/11/2005 4/12/2005 4/13/2005 5/4/2005 5/6/2005 7/21/2005 8/16/2005 8/22/2005

About Quintana Maritime Limited
Quintana Maritime Limited, based in Greece, is an international provider of dry bulk cargo marine transportation services. The company currently owns and operates a fleet of 8 Panamax size vessels with a total carrying capacity of 585,072 dwt and an average age of approximately 8 years.

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

     Contacts:

Company Contact:	Investor Relations / Financial Media:
Paul J. Cornell Chief Financial Officer Tel. 713-751-7525 E-mail:pcornell@quintanamaritime.com	Paul Lampoutis Capital Link, Inc, New York Tel. 212-661-7566 E-mail: plampoutis@capitallink.com

05-06

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EX-99.2

Exhibit 99.2

Quintana Maritime Limited
Pandoras 13 & Kyprou Street
166 74 Glyfada
Greece

NEWS RELEASE

Quintana Maritime Limited
Announces Second Quarter 2005 Results Release Date,
Conference Call and Webcast

Earnings Release:                                   Wednesday, August 24^th, 2005 after 4:00 pm EST

Conference Call and Webcast:              Thursday, August 25th, 2005, at 12:00pm EST

ATHENS, Greece, August 22, 2005 – Quintana Maritime Limited (NASDAQ: QMAR), an international provider of dry bulk cargo marine transportation services, announced today that it will release its second quarter 2005 results for the period ending June 30th, 2005 after the close of the market on Wednesday, August 24^th, 2005.

On Thursday, August 25th, 2005 at 12:00 pm EST, the company’s management will host a conference call to discuss the results.

Conference Call details:
Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 1866 819 7111 (from the US), 0800 953 0329 (from the UK) or +44 1452 542 301 (from outside the US). Please quote “Quintana”.

In case of any problem with the above numbers, please dial 1866 869 2352 (from the US), 0800 694 1449 (from the UK) or +44 1452 560 304 (from outside the US). Quote “Quintana”.

A telephonic replay of the conference call will be available until August 30th, 2005 by dialing 1866 247 4222 (from the US), 0800 953 1533 (from the UK) or +44 1452 550 000 (from outside the US). Access Code: 8859098#

Slides and audio webcast:
There will also be a live, and then archived, webcast of the conference call, through the internet through Quintana Maritime’s website (www.quintanamaritime.com). Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.

About Quintana Maritime Limited
Quintana Maritime Limited, based in Greece, is an international provider of dry bulk cargo marine transportation services. The company currently owns and operates a fleet of 8 Panamax size vessels with a total carrying capacity of 585,072 dwt and an average age of approximately 8 years.

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

Contacts:

Company Contact:	Investor Relations / Financial Media:
Paul J. Cornell Chief Financial Officer Tel. 713-751-7525 E-mail:pcornell@quintanamaritime.com	Paul Lampoutis Capital Link, Inc, New York Tel. 212-661-7566 E-mail: plampoutis@capitallink.com

05-05

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