News

Results Date & Fleet Coverage
05 February 2008

Global Oceanic Carriers Ltd. Announces Date for the Release of its Interim Results for the Six Months Ended November 30, 2007, Conference Call and Webcast

And

Releases Updated Operational Fleet Forward Coverage for 2008, 2009, and 2010

Earnings Release: Thursday, February 21, 2008, 7:00 a.m. GMT.

Conference Call and Webcast: February 21, 2008, 4:00 p.m. GMT, 11:00 a.m. EST, 6:00 p.m. Greek time.

ATHENS, GREECE – February 5, 2008 – Global Oceanic Carriers Limited (AIM:GOC) (the “Company”), a global provider of marine transportation services for dry bulk cargoes, announces today that on Thursday, February 21, 2008 at 7:00 a.m. GMT, the Company will release its interim results for the six months ended November 30, 2007.

The same day, at 4:00 p.m. GMT, 11:00 a.m. EST or 6:00 p.m. Greek time the Company’s management will host a conference call to discuss the results.

Conference Call details:
Participants should dial into the call 10 minutes prior to the scheduled time using the following numbers: 0800 953 0329 (from the UK), 1 866 819 7111 (from the US), or +44 1452 542 301 (all other callers). Please quote “Global Oceanic Carriers”.

In case of any problem with the above numbers, please dial 0800 694 1503 (from the UK) 1 866 223 0615 (from the US), or +44 1452 586 513 (all other callers). Quote “Global Oceanic Carriers”.

A telephonic replay of the conference call will be available until February 28, 2008 by dialing 0800 953 1533 (from the UK), 1 866 247 4222 (from the US), or +44 1452 550 000 (all other callers). Access Code: 6478074#

Slides and audio webcast:
There will also be a live -and then archived- webcast of the conference call, accessible through the Global Oceanic Carriers website (www.gocarriers.com). Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.

Operational Fleet Forward Coverage:
The company also announces its latest operational fleet forward coverage as of February 5, 2008.

The percentage of available days of the fleet already fixed under contracts (assuming latest charter expiration and exercise of all additional hire periods under charter) is as follows:

Note:
The percentages above include the available days of the fleet fixed under contract of our currently operational fleet of 7 vessels.

GOC's fleet is employed as follows:

(1) The M/V "GO Patoro" is currently employed under a time charter until June 2010. For the first year of the time charter ending June 2008, the daily charter rate is USD 32,000. The rate for the second and third year ending June 2009 and 2010 will be USD 27,000 and USD 22,000 respectively.

For further information please contact:

Global Oceanic Carriers Limited
Michael Tartsinis, Chief Executive Officer
Christina Anagnostara, Chief Financial Officer
Tel: +30 210 898 6362
www.gocarriers.com

Jefferies International Limited
Nick Davies
Schuyler Evans
Tel: +44 (0) 207 029 8000

Investor Relations / Media:

Capital Link (London)
Natassa Markopoulou
Tel: +44 (0)20 7614 2950
E-mail: gocarriersuk@capitallink.com

Capital Link, Inc. (New York)
Paul Lampoutis
Tel: +1-212-661-7566
E-mail: plampoutis@capitallink.com
www.capitallink.com

Further Information - Notes to Editors

About the Company
Global Oceanic Carriers Limited is a global provider of marine transportation services for dry bulk cargoes through the ownership, management and chartering of dry bulk carriers. The company is incorporated in Jersey and has its principal executive offices in Athens, Greece.

The company's current fleet includes seven dry bulk carriers, comprised of one Capesize, two Panamax, three Handymax and one Handysize vessel, with an aggregate carrying capacity of 456,273 dwt.
GO Carriers is listed on the AIM market and its stock code is GOC.

Forward-Looking Statement
Matters discussed in this release may constitute forward-looking statements. Forward-looking statements reflect the current views of Global Oceanic Carriers Limited ("the Company") with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.

The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in our records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, the Company cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.

Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including changes in charter hire rates and vessel values, changes in demand that may affect attitudes of time charterers to scheduled and unscheduled dry-docking, changes in the Company's operating expenses, including bunker prices, dry-docking and insurance costs, or actions taken by regulatory authorities, potential liability from pending or future litigation, domestic and international political conditions, potential disruption of shipping routes due to accidents and political events or acts by terrorists. The Company does not assume, and expressly disclaims, any obligation to update these forward-looking statements.