Result of AGM

    


Global Oceanic Carriers



Global Oceanic Carriers Limited (AIM:GOC), a global provider of marine
transportation services for dry bulk cargoes, announced today that at the Annual
General Shareholders Meeting (AGM) held in Jersey, on Thursday, 25 October,
2007, the following resolutions were approved: 1) Company's accounts and the
report of the Directors and Auditors for the year ended 31 May, 2007; 2) the
re-election of 6 (six) Directors of the Company; 3) the appointment of
PricewaterhouseCoopers (PwC) as the Company's independent auditors for the
fiscal year ending 31 May, 2008; and 4) authorization of Directors to fix the
remuneration of auditors.

For further information please contact:

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

Jefferies International Limited
Nick Davies
Tel. + 44 (0)207 618 3500
E-mail: [e-mail]

Investor Relations / Media:
Devina Artley
Taylor Rafferty - Capital Link (London)
Tel. [phone]
E-mail: [e-mail]

Paul Lampoutis
Capital Link (New York)
Tel. [phone]
E-mail: [e-mail]
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.