UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C.
20549
FORM
6-K
Report of Foreign
Issuer
Pursuant to Rule 13a-16 or 15d-16
of
the Securities Exchange Act of
1934
For the month of September,
2008
Commission File No.
1-9987
B
+ H O C E A N C A R R I E R S, L T D.
3
rd
Floor,
Par La Ville Place
14 Par-La-Ville
Road
Hamilton HM JX
Bermuda
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.
Form
20-F
X
Form
40-F
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1):
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7):
Indicate
by check mark whether by furnishing the information contained in this Form, the
registrant is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes
No
X
INFORMATION
CONTAINED IN THIS FORM 6-K REPORT
On July 16,
2008 the annual general meeting (the “
AGM
”) of stockholders of B+H
Ocean Carriers Ltd (the “
Company
”) resolved to apply
for a delisting of the Company’s shares of Common Stock from the Oslo Stock
Exchange (the “OSE”). The OSE granted the delisting on August 22, 2008, as
announced on
www.newsweb.no
. The
delisting will take effect on September 22, 2008. Following the delisting on the
OSE, the shares of Common Stock of BHOC will be listed only on the American
Stock Exchange (the “
AMEX
”).
In connection
with the delisting, the Company offered solely to its shareholders recorded in
the VPS (the Norway custodian for shares traded on the OSE) as owning shares of
common Stock of the Company (the “
VPS Shares
”) on June 16, 2008,
the record date for the AGM (the “
Eligible Shareholders
”) to
repurchase up to 1000 VPS Shares at a price of $10.85 per VPS share (equalling
the volume weighted average price of the Company’s shares of Common Stock on the
AMEX on the 20 trading days preceding June 16, 2008) for a period ending on
September 19, 2008. The maximum aggregate number of VPS Shares that may be
repurchased is 31,558 for an aggregate price of $342,404.
Eligible
Shareholders who choose not to sell VPS Shares to the Company at $10.85 per VPS
Share may transfer the VPS Shares to an account in a Norwegian bank providing
custodian services or transfer the VPS Shares to an account in a qualified bank
or brokerage firm outside Norway. The Company will bear certain costs, not
expected to exceed $10,000, of transferring VPS Shares to such
account.
Signatures
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Date
September 9, 2008
B+H Ocean Carriers,
Ltd.
By:
/s/ Michael S.
Hudner
Chief
Executive Officer