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B&H Ocean Acquires Product Tanker

Maritime Activity Reports, Inc.

July 5, 2006

B&H Ocean Carriers Ltd., said it acquired a Panamax product tanker. Financial terms were undisclosed. The double-sided vessel was built in 1998 and has a capacity of 61,000 deadweight tons. B&H said the acquisition will have little effect on second-quarter results.

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