DIRECTOR/ PDMR Shareholdings: Notification of Interests of Directors or Other Persons Discharging Managerial Responsibilities

Global Oceanic Carriers Limited (AIM:GOC), a global provider of marine transportation services for dry bulk cargoes, announced today that it has been informed that in the period from March 17 to April 3, 2008, Mr. Antonios Nikolaou, Executive Director of the Company, purchased 70,000 ordinary shares as detailed in the table below. Following this purchase, Mr. Nikolaou has a beneficial interest in 6,421,658 ordinary shares in the Company representing 16.04% of the issued share capital of GOC. The following table provides a breakdown of the aforementioned purchase of 70,000 ordinary shares by Mr. Nikolaou. Date   Number of Shares   Price (in GBP)   Total Paid (in GBP) March 17, 2008 10,000 1.2325 12,325 March 18, 2008 10,000 1.2250 12,250 March 19, 2008 10,000 1.24 12,400 March 20, 2008 10,000 1.24 12,400 March 20, 2008 5,000 1.22 6,100 March 25, 2008 10,000 1.26 12,600 March 26, 2008 5,000 1.27 6,350 April 02, 2008 10,000 1.2688 12,688 Total 70,000   87,113 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 drydocking, 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.