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)
October 19, 2005

QUINTANA MARITIME LIMITED

(Exact name of registrant as specified in its charter)

Marshall Islands	000-51412	98-0453513
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(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 October 19, 2005, Quintana Maritime Limited (the “Company”) issued a press release announcing the delivery of its first Capesize vessel. A copy of the press release is attached hereto as Exhibit 99.1.

     The Company is furnishing the information contained in this report, including Exhibit 99.1, 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 Exhibit 99.1, 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 Exhibit 99.1, 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 Exhibit 99.1, 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 October 19, 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/ Steve Putman
	Steve Putman
	Vice President and General Counsel

Dated: October 20, 2005

EXHIBIT INDEX

99.1 Press release of Quintana Maritime Limited dated October 19, 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 ITS FIRST CAPESIZE BULK CARRIER

ATHENS, Greece, October 19, 2005 - Quintana Maritime Limited (NASDAQ: QMAR) today announced that it has taken delivery of its first Capesize bulk carrier. The vessel, named Iron Beauty, was built in 2001 by China Shipbuilding Corporation in Taiwan and has a carrying capacity of 165,500 deadweight tons (dwt). The vessel is employed under an existing five-year time-charter contract with STX Panocean that started in May 2005 at a net daily rate of $35,151.

The purchase price of the vessel was approximately $68.4 million, of which Quintana had previously advanced the sellers a cash deposit of $6.85 million, or 10% of the aggregate purchase price of the vessel. The balance of the purchase price was funded through its revolving credit facility.

Quintana Maritime expects to take delivery of its second Capesize vessel, Kirmar, in mid-November.

UPDATED FLEET PROFILE

Vessel	Type	Dwt		Year Built	Age (in years)	Delivered to QMAR
Fearless 1	Panamax		73,427	1997	8	4/11/2005
King Coal	Panamax		72,873	1997	8	4/12/2005
Coal Glory	Panamax		73,670	1995	10	4/13/2005
Coal Age	Panamax		72,861	1997	8	5/4/2005
Iron Man	Panamax		72,861	1997	8	5/6/2005
Barbara	Panamax		73,390	1997	8	7/21/2005
Coal Pride	Panamax		72,600	1999	6	8/16/2005
Linda Leah	Panamax		73,390	1997	8	8/22/2005
Iron Beauty	Capesize		165,500	2001	4	10/18/2005
Fleet on 10/18/2005	9 Vessels		750,572		7.6 years average
Kirmar	Capesize		165,500	2001	4	Expected
						mid-November 2005
Total Fleet	10 Vessels		916,072		7.2 years average

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 eight Panamax size vessels and one Capesize vessel with a total carrying capacity of 750,572 dwt and an average age of approximately 7.6

years. It has also entered into an agreement to acquire one additional Capesize vessel, which, upon delivery will increase the size of its fleet to 10 vessels with a total carrying capacity of 916,072 dwt and an average age of 7.2 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. Such statements include comments regarding expected time charters and delivery of Kirmar. 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.

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

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