GOC Global Oceanic

    


Global Oceanic Carriers



    Global Oceanic Carriers Limited Announces Change in Shareholder Structure

Global Oceanic Carriers Limited (AIM:GOC) ("GOC" or "the Company"), a global
provider of marine transportation services for dry bulk cargoes, today announces
that it has been informed that on Monday, 19 November 2007, Solstice
International Investments Inc. and Tildough Holding Inc. sold their entire
portfolio, of 26,020,815 and 5,737,477 ordinary shares in GOC respectively, at
�1.65 per share to Kaylee Maritime Limited. Both Solstice International
Investments Inc. and Tildough Holding Inc. were associated with Mr. Michael
Tartsinis, the Company's Chief Executive Officer and Mr.Antonis Nikolaou, an
Executive Director of the Company.

Mr. Michael Tartsinis and Mr. Antonis Nikolaou are both directors of Kaylee
Maritime Limited. Furthermore, both Mr. Tartsinis and Mr. Nikolaou along with
Mr. Kriton Lentoudis, are shareholders of Kaylee Maritime Limited.

Mr.Kriton Lentoudis is a well established Greek ship owner. He has been involved
with shipping for more than 25 years and he is associated with Evalend Shipping,
a private company based in Greece.

As a result of these transactions Kaylee Maritime Limited holds 31,758,292
ordinary shares in GOC representing 79.3% of the issued share capital of the
Company. Out of this holding 40% is owned by Mr. Michael Tartsinis and Mr.
Antonis Nikolaou. Both executives along with Mr.Lentoudis represent a
controlling interest in Kaylee Maritime Limited.

Commenting on the transaction Mr. Michael Tartsinis, Chief Executive Officer at
Global Oceanic Carriers said: "We are very pleased with this development and
with the inclusion of Mr. Lentoudis among our shareholders given his extensive
experience and presence in shipping."

For further information please contact:

Global Oceanic Carriers Limited
Michael Tartsinis, Chief Executive Officer
Tel: + 30 210 898 6362
E-mail: mtartsinis@gocarriers.com
www.gocarriers.com

Jefferies International Limited
Nick Davies
Tel. + 44 (0) 207 618 3500
E-mail: ndavies@jefferies.com

Investor Relations / Media:
Natassa Markopoulou
Capital Link Inc.(London)
Tel. + 44 (0) 207 614 2950
E-mail: gocarriers@capitallink.com

Paul Lampoutis
Capital Link, Inc. (New York)
Tel. + 1 212 661 7566
E-mail: gocarriers@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 six dry bulk carriers, comprised of one
Capesize, two Panamax, two Handymax and one Handysize vessel. Global Oceanic
Carriers has also entered into agreement to acquire a Handymax vessel scheduled
for delivery in November 2007, thereby expanding its fleet to a total of seven
dry bulk carriers 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.

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