Board appointment - amendment

RNS Number:1992P
Global Oceanic Carriers Ltd
09 January 2007


Press Release                                                    9 January 2007

                        Global Oceanic Carriers Limited
                        ("GO Carriers" or "the Company")


                        Board Appointments: amendment


This announcement amends the Board appointments announcement which was released
at 13.30 on 4 December, 2006 RNS number: 1803N

Theo Phanos, the recently appointed Non Executive Director of GO Carriers
omitted to disclose a current Directorship in the following Company:

Argonaftis Capital Management


The rest of the statement reads as formerly stated.



                        Global Oceanic Carriers Limited
                        ("GO Carriers" or "the Company")


                               Board Appointments


Global Oceanic Carriers Limited (AIM:GOC), the Greek-based drybulk shipping
company, today announces the appointments of Tom Saul and Theo Phanos to the
Board as non-executive Directors with immediate effect.



Tom Saul is the current Finance Director of Exploration Logistics Group plc
(appointed October 2006), a group of companies which provides remote support
solutions around the world.  In the ten years prior to joining Exploration
Logistics Group, Tom held positions as Finance and IT Director at A Bilbrough &
Co Ltd, London Managers and the London P&I Club, a marine insurance company with
global coverage.  Between 1989 and 1995, Tom worked in Dixon Wilson for six
years in general audit and tax practice.  A certified chartered accountant
(qualified in 1993) Tom holds a degree in English Language and Literature from
Jesus College, University of Oxford.



Thomas James Bycroft Saul, aged 41, has held the other following directorships
and/or partnerships during the past five years:


Current Directorships                  Directorships held in the past five years

Exploration Logistics Group plc        A Bilbrough & Co. Limited
Minetech Group Limited
Medekit.com Limited



There is no other information that falls to be disclosed under Schedule 2
paragraph (f) of the AIM Rules.

Theo Phanos is a Co-founder of Trafalgar Asset Managers and CIO of Trafalgar
Recovery Fund and Trafalgar Discovery Fund.  Prior to Trafalgar, Theo worked for
eight years at Bankers Trust, Lehman Brothers and most recently the high yield
and distressed group at Deutsche Bank.  During his career Theo worked across all
fixed income and credit disciplines including cash, derivative and structured
products.  Theo has an MBA (Finance) from New York University (Stern School of
Business) and a BSc (Economics) from University College London.



Theo Phanos, aged 42, has held the other following directorships and/or
partnerships during the past five years:


Current Directorships                     Directorships held in the past five years

Preveza Invest Limited                    None
Urbanworthy Property Management Limited
Cerbernet Limited
Trafalgar Asset Managers
ND SatCom
Argonaftis Capital Management



There is no other information that falls to be disclosed under Schedule 2
paragraph (f) of the AIM Rules.



Commenting on the Board appointments, Michael Tartsinis, Chief Executive Officer
of Global Oceanic Carriers Limited, said: "We are extremely pleased to welcome
Theo and Tom to the Board as non-executive directors.  Between them they have a
wealth of relevant sector knowledge from which the Company will benefit from and
they will play an important role in developing the Company's strategy going
forward."



                                    - 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



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 four 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 bulk carriers, one Capesize and one
Handysize vessel with an aggregate carrying capacity of 322,049 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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