B+H Ocean Carriers Ltd. Does Not Comment on Unusual Market Activity

B+H Ocean Carriers Ltd. (NYSE AMEX: BHO), states that its policy is not to comment on unusual market activity.

In view of the unusual market activity in the common stock of B+H Ocean Carriers Ltd. (NYSE AMEX: BHO), the NYSE has contacted the company in accordance with its usual practice; the company stated that its policy is not to comment on unusual market activity.

Safe Harbor Statement

Certain statements contained in this press release, including, without limitation, statements containing the words “believes,” “anticipates,” “expects,” “intends,” and words of similar import, constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 or by the Securities and Exchange Commission in its rules, regulations and releases, regarding the Company’s financial and business prospects. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to, those set forth in the Company’s Annual Report and filings with the Securities and Exchange Commission. Given these uncertainties, undue reliance should not be placed on such forward-looking statements. The Company disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements contained or incorporation by reference herein to reflect future events or developments.