B+H Ocean Carriers Ltd. Announces Vessel Acquisitions
B+H Ocean Carriers Ltd. (AMEX: BHO) announced today that it had acquired a 1988-built, double-sided, 61,000 DWT Panamax product tanker to be renamed MT SACHEM. The purchase also reflects the continuation of a Time Charter which continues through February or March 2007. The Company noted that the purchase will have minimal effect on the operating results for the 2nd quarter. The Company is engaged in the business of owning and operating Product Tankers and Combination Carriers.