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Last updated on February 11, 2012 at 15:54 EST

Company Profile for MC SHIPPING INC.

August 5, 2005

MC Shipping Inc. was established in 1989, as a self-liquidating limited-life company quoted on the AMEX. In 1994 MC Shipping Inc. turned into perpetual company and has since grown to become an important player in the shipping industry investing in, owning and operating second-hand vessels.

Presently, MC Shipping Inc. fully or partially owns and operates a diversified fleet of 16 vessels that includes 10 liquefied petroleum gas (LPG) carriers from 3,000 to 78,000 m3, 4 container vessels of 2,300 TEU capacity and 2 small multipurpose/general cargo ships. MC Shipping Inc. maintains firm commitment to safely and soundly operating its fleet that serves the world’s major oil, gas, shipping and trading companies.

MC Shipping’s vessels employment portfolio is balanced in a mix of short- and long-term charter arrangement, aiming at stable and coherent earnings streams and, thus, enhancing value for its shareholders.

The Company’s largest shareholders are the Navalmar Group and V.Ships.

    Company:                MC SHIPPING INC.     Headquarters Address:   Aigue Marine                            24, Av. de Fontvieille                            Monte Carlo 98000                            Monaco     Main Telephone:         011 377 92 05 94 04     Website:                http://www.mcshipping.com     Ticker:                 MCX(AMEX)     Type of Organization:   Public     Industry:               Transport: Maritime     Earnings Release Dates: 1st Quarter: May 12, 2005                            2nd Quarter: August 2, 2005      Key Executives:         CEO: ANTONY CRAWFORD                            CFO: DOMINIQUE SERGENT                            COO: GRAHAM PIMBLETT     Investor Relations      Contact:              Alexander Gorchakov      Phone:                011 377 92 05 10 03      Email:                contact@mcshipping.com     Investor Relations      Contact:              Peter Shaerf      Phone:                (646) 623 5333      Email:                MCShipping@aol.com