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)
December 1, 2006

QUINTANA MARITIME LIMITED

(Exact name of registrant as specified in its charter)

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

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

011-30-210-898-6820
(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 1.01 Entry into a Material Definitive Agreement

     On December 1, 2006, Quintana Maritime Limited (the “Company”) entered into a Memorandum of Agreement (the “Agreement”) with Bocimar Belgium NV, a transporter of dry bulk goods, relating to the purchase of a 177,000 dwt Capesize newbuilding vessel for a purchase price of approximately $92.5 million. The vessel, to be named Iron Miner, is being built at the Shanghai Waigaogiao Shipbuilding Co., a Chinese shipbuilder, and is expected to be delivered in March 2007. The Company funded a deposit of $9.25 million, or 10% of the purchase price, on December 5, 2006 with cash on hand. The Company expects to fund the balance of the purchase price with cash on hand (including proceeds from the exercise of warrants) and borrowings under its revolving credit facility. The acquisition is subject to customary closing conditions.

     The Company announced the acquisition by press release dated December 6, 2006, which is attached as Exhibit 99.1 to this Form 8-K.

ITEM 9.01 Financial Statements and Exhibits

          99.1     Press release of Quintana Maritime Limited dated December 6, 2006.

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: December 6, 2006

EXHIBIT INDEX

Exhibit	Description
99.1	Press release of Quintana Maritime Limited dated December 6, 2006.