Directorate Change

RNS Number:5743W
Global Oceanic Carriers Ltd
15 May 2007


Press Release                                                      15 May 2007






                        Global Oceanic Carriers Limited



                        ("GO Carriers" or "the Company")



                               Directorate change





The Board of Global Oceanic Carriers Limited (AIM:GOC), the Greek-based drybulk
shipping company, today announces that Mr Nicolas Pappadakis, aged 69, has
resigned as Non Executive Chairman and member of Remuneration and Nominations
Committees with immediate effect for personal reasons.  Michael Tartsinis, Chief
Executive Officer, will act as Chairman of the Board, for a limited period of
approximately four weeks, until a suitable replacement is identified.



Commenting on Mr Pappadakis' resignation, Michael Tartsinis, Chief Executive
Officer of Global Oceanic Carriers Limited, said: "On behalf of the Board I
would like to take this opportunity to express our most sincere appreciation to
Mr Pappadakis for his service and significant contribution to the Company and we
wish him well in the future.  We are currently under discussions with potential
candidates for the position and look forward to welcoming the new Chairman to
the Company at this exciting time of growth."



                                    - Ends -



For further information:
Global Oceanic Carriers Limited
Michael Tartsinis, Chief Executive Officer              Tel: 00 30 210 898 6362
mtartsinis@gocarriers.com                                    www.gocarriers.com


Jefferies International Limited
Andrew Meigh                                          Tel: +44 (0) 20 7618 3500
ameigh@jefferies.com                                          www.jefferies.com



Media enquiries:
Abchurch
Henry Harrison-Topham / Charlie Jack                  Tel: +44 (0) 20 7398 7700
henry.ht@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 Athens, Greece
and incorporated in Jersey. The Company has acquired five 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, two Handysize bulk carriers and
one Capesize with an aggregate carrying capacity of 367,774 Dwt.  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




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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