Holding(s) in Company

RNS Number:3899X
Global Oceanic Carriers Ltd
29 May 2007


Press Release                                                        29 May 2007


                        Global Oceanic Carriers Limited

                        ("GO Carriers" or "the Company")

                              Holdings in Company

Global Oceanic Carriers Limited (AIM:GOC), the Greek-based drybulk shipping
company, today announces that it has been informed that on Friday, 25 May 2007,
Trafalgar Funds and Argo Global Special Situations Fund sold their entire
portfolio, of 18,612,931 shares and 6,646,435 shares respectively, at #1.18 per
share to Solstice International Investments Inc (Solstice).

International Trading Inc, a company of which Michael Tartsinis (the CEO of the
Company) is director, also transferred 761,449 shares to Solstice and a further
5,737,477 to Tildough Holdings Inc (Tildough) at 0.74 pence per share plus a
contingent right to equity in Solstice/Tildough.  This was International Trading
Inc's entire shareholding in the Company and represented all the shares that
Michael Tartsinis was directly or indirectly interested in.

Michael Tartsinis and Antonis Nikolaou (another executive director of the
Company) are both associated with Solstice and Tildough and will be appointed
directors of both companies in due course.

As a result of the transactions Solstice International Investments Inc. holds
26,020,815 ordinary shares in GOC representing 65% of the issued share capital
of the Company.

Tildough Holdings holds 5,737,477 in GOC representing 14.3% of the issued share
capital of the Company.

Commenting on the transaction Michael Tartsinis, Chief Executive Officer at
Global Oceanic Carriers said "I would like to thank Trafalgar and Argo Funds for
their commitment to GOC. The new structure is committed to the company and aims
to keep on track with company's business plan for fleet expansion through timely
and selective acquisitions".

                                    - 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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