Results Date & Fleet Coverage

RNS Number:2847N
Global Oceanic Carriers Ltd
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 [phone] (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 [phone] (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
[phone] (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:

                                  2008                 2009                2010

Total Fleet                        83%                  49%                 33%


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:

  Vessel Name       Type        DWT      Year          Charter        Charter Period    Expected    Daily Charter
                                         Built      Commencement                       Re-Delivery   Hire (US$)
                                                                                      (Min period)
                 
GO Patoro         Capesize    150,108    1991          June-07          36 months        June-10      32,000(1)
GO Public          Panamax    71,761     1993          Dec-06          23-25 months      Nov-08        21,000
GO Faith           Panamax    65,125     1984          May-07          12-14 months      May-08        28,000
GO Trader         Handymax    45,693     1996          Jan-07          26-29 months      Mar-09        19,250
GO Friendship     Handymax    44,875     1994          Sept-07          36 months        Sept-10       26,850
GO Star           Handymax    43,656     1994          Dec-07           36 months        Dec-10        27,000
GO Pride          Handysize   35,055     1982          Jun-07           12 months        Jun-08        18,500

Fleet Total :                 456,273
7 Vessels



(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: [phone]
www.gocarriers.com

Jefferies International Limited
Nick Davies
E-mail: [e-mail]
Schuyler Evans
E-mail: [e-mail]

Investor Relations / Media:
Capital Link (London)
Natassa Markopoulou
Tel: [phone]
E-mail: [e-mail]

Capital Link, Inc. (New York)
Paul Lampoutis
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 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.




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            The company news service from the London Stock Exchange
END

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