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Company Profile for MC SHIPPING INC.

Posted on: Friday, 5 August 2005, 12:10 CDT

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

Source: Business Wire

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