Annual Report
News Archive 2006
GO Fleet - Charter update16 May 2006
Global Oceanic Carriers Limited (AIM: GOC) , the AIM-listed Greek-based drybulk shipping company, announces that it has secured new charters for its vessels GO Faith, GO Public and Go Pride.
Go Faith has been fixed for a time charter trip to load coal in Vancouver, Canada and discharge its cargo in Trieste, Italy. The duration of the voyage will be approximately 50 days and the agreed daily hire is US$12,250 with a ballast bonus of US$275,000.
Go Public, has been fixed for a period of approximately 5 to 7 months at the rate of US$15,750 per day with a ballast bonus of US$250,000 commencing on arrival at the pilot station in Geralton, Australia.
GO Pride has been fixed for a period of approximately 11 to 13 months at the rate of US$9,275 per day commencing from the vessel passing Muscat on 12 May 2006.
For further information:
| Global Oceanic Carriers Limited | |
| Vassilis Vintiadis, Chief Executive Officer | Tel: +44 (0) 20 7398 7700 |
| vassilis@gocarriers.com | |
| Collins Stewart | |
| Tim Mickley, Corporate Finance | Tel: +44 (0) 20 7523 8313 |
| tmickley@collins-stewart.com | www.cstplc.com | Media enquiries: |
| Abchurch | |
| Charlie Jack | Tel: +44 (0) 20 7398 7700 |
| charlie.jack@abchurch-group.com | www.abchurch-group.com |
Notes to Editors
Global Oceanic Carriers Limited, is a shipping company comprising of ship ownership, management and chartering. The company is based in Piraeus, Greece and incorporated in Jersey. The Company has acquired three vessels and will use the extensive shipping experience of the management and the dynamic market conditions to build a fleet for long term charter revenue.
The Company's fleet comprises of two Panamax bulk carriers and one Handysize vessel with an aggregate carrying capacity of 171,941 Dwt. The Company has brought together the considerable shipping expertise and contacts of the Board, in particular the CEO, Vassilis Vintiadis, the founder and owner of Niva Shipping Limited a 27 year old shipping company based in Piraeus, Greece with strategic relationships primarily focused on China and India.
Drybulk ships carry cargo that is shipped in large volumes and can be easily stowed in a single hold including iron ore, coal and grain.
GO Carriers was formed and listed on the AIM market in 2005 its stock code is GOC.L