Latest News From Global Oceanic Carriers Ltd.

• Global Oceanic Carriers Ltd. Announces the Resignation of a Non-Executive Member of its Board of Directors ATHENS, GREECE -- October 04, 2007 -- Global Oceanic Carriers Limited (AIM:GOC), a global provider of marine transportation services for dry bulk cargoes, announced today that Mr. Theo Phanos, has resigned from his duties as Non Executive Director as well as member of the Company's Audit, Remuneration and Nominations Committees effective Monday, October 22, 2007. Michael Tartsinis, Chief Executive Officer of Global Oceanic Carriers Limited, commented: “On behalf of the Board of Directors, I would like to thank Mr. Phanos for his valuable contributions to our company during a period of corporate restructuring and growth and wish him luck in his future endeavors. Following his resignation, our Board of Directors comprises of three Executive and three Non-Executive members. The Board has identified potential candidates for his replacement in the positions of Non- Executive Director and for membership in the Audit, Remuneration and Nominations Committees of the Board, and will inform the public in due course when the selection process is concluded.” 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: Devina Artley Capital Link (London) Tel. +44 (0)207 614 2900 E-mail: gocarriers@capitallink.com • Global Oceanic Carriers Ltd. Takes Delivery of its Sixth Vessel ATHENS, GREECE -- October 02, 2007 -- Global Oceanic Carriers Limited (AIM:GOC), a global provider of marine transportation services for dry bulk cargoes, announced today that it has taken delivery of the M/V “GO Friendship”, a Handymax Bulk Carrier, which the company had previously agreed to acquire for USD 37 million. The M/V "GO Friendship" was built in Korea in 1994 and has a carrying capacity of 44,875 dwt. As previously announced on July 10, 2007, the vessel has been secured under a fixed-rate period time charter for 3 years with SAMSUN CORPORATION at the gross rate of USD 26,850 per day. Michael Tartsinis, Chief Executive Officer of Global Oceanic Carriers Limited, commented: “We are pleased to have taken delivery of the M/V “GO Friendship”, our sixth vessel, and our first of two Handymax bulk carriers which we agreed to acquire in June 2007. We expect to take delivery of the second vessel, the “Go Star” within October 2007, expanding our operational fleet to seven vessels. Furthermore, the three year time charter we have secured for the M/V “GO Friendship” is in line with our strategy of employing our vessels under medium to long term period charters with reputable charterers enabling us to generate visible and predictable cash flows, enhance our profitability and sustain our dividend policy, which commences in the current fiscal year, as announced. “In this context, 100% of our fleet operating days for calendar 2007 and 83% for calendar 2008, are already secured under fixed rate period employment”.