SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G/A

(Amendment No. 1)*

UNDER THE SECURITIES EXCHANGE ACT OF 1934

B+H Ocean Carriers Ltd.
(Name of Issuer)

Common Stock, Par Value $.01 per share
(Title of Class of Securities)

055090104
(CUSIP Number)

December 31, 2008
(Date of event which requires filing of this statement)

Check the appropriate box to designate the rule pursuant to which this
Schedule 13G is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)

(Page 1 of 8 Pages)

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 

CUSIP No. 929248508 13G/A Page 2 of 8 Pages


--------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS

 Nordic Alpha plc. (See Item 2(A))

 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [X]
 (b) [ ]
--------------------------------------------------------------------------------
(3) SEC USE ONLY

--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION

 Ireland
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER -0-
SHARES -----------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER -0- (See Item 4)
OWNED BY -----------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER -0-
REPORTING -----------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER -0-
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 -0-
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
 CERTAIN SHARES ** [ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 0.00%
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **

 IV
--------------------------------------------------------------------------------
 ** SEE INSTRUCTIONS BEFORE FILLING OUT!


CUSIP No. 929248508 13G/A Page 3 of 8 Pages


--------------------------------------------------------------------------------
(2) NAMES OF REPORTING PERSONS

 Nordic Omega plc. (See Item 2(A))

 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [X]
 (b) [ ]
--------------------------------------------------------------------------------
(3) SEC USE ONLY

--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION

 Ireland
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER -0-
SHARES -----------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER -0- (See Item 4)
OWNED BY -----------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER -0-
REPORTING -----------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER -0- (See Item 4)
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 -0- (See Item 4)
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
 CERTAIN SHARES ** [ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 0.00%
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **

 IV
--------------------------------------------------------------------------------
 ** SEE INSTRUCTIONS BEFORE FILLING OUT!


CUSIP No. 929248508 13G/A Page 4 of 8 Pages


--------------------------------------------------------------------------------
(3) NAMES OF REPORTING PERSONS

 Orkla Finans (Kapitalforvaltning) ASA(See Item 2(A))

 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [X]
 (b) [ ]
--------------------------------------------------------------------------------
(3) SEC USE ONLY

--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION

 Kingdom of Norway
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER -0-
SHARES -----------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER -0- (See Item 4)
OWNED BY -----------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER -0-
REPORTING -----------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER -0- (See Item 4)
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 -0- (See Item 4)
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
 CERTAIN SHARES ** [ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 0.00%
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **

 IA
--------------------------------------------------------------------------------


CUSIP No. 055090104 13G/A Page 5 of 8 Pages


Item 1(a). Name of Issuer:

 The name of the issuer is B+H Ocean Carriers Ltd. (the "Issuer").

Item 1(b). Address of Issuer's Principal Executive Offices:

 The Issuer's principal executive offices are located at 3rd Floor Par La
Ville Place, 14 Par-La-Ville Road, Hamilton, HM, JX Bermuda .

Item 2(a). Name of Person Filing:

 This schedule 13G is being filed by Nordic Alpha plc. and Nordic Omega
plc., each an Irish limited liability investment company (together, the "Funds")
with variable capital offering interests in European focused investments in
securities and Orkla Finans (Kapitalforvaltning) ASA (the "Investment Manager"),
the Investment Manager to the Funds.

Item 2(b). Address of Principal Business Office or, if None, Residence:

 The address of the business office of each Fund is 25/28 North Wall Quay,
Dublin 1, Ireland. The address of the Investment Manager is Tordenskoldsgate
8-10, PO Box 1724, 0121 Oslo, Norway.

Item 2(c). Citizenship:

 Each Fund is organized as an Irish limited liability investment company in
Ireland. The Investment Manager is organized in the Kingdom of Norway.

Item 2(d). Title of Class of Securities:

 Common Shares, $.01 par value ("Common Stock")

Item 2(e). CUSIP Number: 055090104

Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b)
 or (c), check whether the person filing is a:
 (a) [ ] Broker or dealer registered under Section 15 of the Act,
 (b) [ ] Bank as defined in Section 3(a)(6) of the Act,
 (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act,
 (d) [ ] Investment Company registered under Section 8 of the Investment
 Company Act of 1940,
 (e) [ ] Investment Adviser in accordance with Rule 13d-1 (b)(1)(ii)(E),
 (f) [ ] Employee Benefit Plan or Endowment Fund in accordance with
 Rule 13d-1 (b)(1)(ii)(F),
 (g) [ ] Parent Holding Company or control person in accordance with
 Rule 13d-1 (b)(1)(ii)(G),
 (h) [ ] Savings Association as defined in Section 3(b) of the Federal
 Deposit Insurance Act,
 (i) [ ] Church Plan that is excluded from the definition of an
 investment company under Section 3(c)(14) of the Investment
 Company Act of 1940,
 (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

N/A


CUSIP No. 055090104 13G/A Page 6 of 8 Pages

Item 4. Ownership.

 (a) Amount beneficially owned:
 Nordic Alpha plc.: 0
 Nordic Omega plc.: 0
 Orkla Finans (Kapitalforvaltning) ASA: 0

 (b) Percent of class:
 Nordic Alpha plc.: 0.00%
 Nordic Omega plc.: 0.00%
 Orkla Finans (Kapitalforvaltning) ASA: 0.00%

 (c) (i) Sole power to vote or direct the vote:
 Nordic Alpha plc.: 0
 Nordic Omega plc.: 0
 Orkla Finans (Kapitalforvaltning) ASA: 0

 (ii) Shared power to vote or direct the vote:
 Nordic Alpha plc.: 0
 Nordic Omega plc.: 0
 Orkla Finans (Kapitalforvaltning) ASA: 0

 (iii) Sole power to dispose or direct the disposition:
 Nordic Alpha plc.: 0
 Nordic Omega plc.: 0
 Orkla Finans (Kapitalforvaltning) ASA: 0

 (iv) Shared power to dispose or direct the disposition:
 Nordic Alpha plc.: 0
 Nordic Omega plc.: 0
 Orkla Finans (Kapitalforvaltning) ASA: 0

Orkla Finans (Kapitalforvaltning) ASA is the Investment Manager to Nordic Alpha
plc. and Nordic Omega plc.

Item 5. Ownership of Five Percent or Less of a Class.

 If this statement is being filed to report the fact that as of the date
hereof the reporting person gas ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [X].

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

 Not applicable.


CUSIP No. 055090104 13G/A Page 7 of 8 Pages

Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company.

 Not applicable.

Item 8. Identification and Classification of Members of the Group.

 Not applicable.

Item 9. Notice of Dissolution of Group.

 Not applicable.


CUSIP No. 055090104 13G/A Page 8 of 8 Pages

 The Reporting Persons hereby makes the following certification:

 By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.

SIGNATURES

 After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.

DATED: February 12, 2009

 NORDIC ALPHA PLC.

 By: /s/ Lisbeth Gyland
 ------------------
 Name: Lisbeth Gyland
 Title: Director


 NORDIC OMEGA PLC.

 By: /s/ Lisbeth Gyland
 ------------------
 Name: Lisbeth Gyland
 Title: Director


 ORKLA FINANS (KAPITALFORVALTNING) ASA

 By: /s/ Bjorn Slatto
 ----------------
 Name: Bjorn Slatto
 Title: Managing Director

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