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Company Profile for MC SHIPPING INC.


MC Shipping Inc. was established in 1989, as a self-liquidating limited-life company quoted on the AMEX AMEX

See: American Stock Exchange
. In 1994 MC Shipping Inc. turned into perpetual PERPETUAL. That which is to last without limitation as to time; as, a perpetual statute, which is one without limit as to time, although not expressed to be so.  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 diversified (di·verˑ·s  fleet of 16 vessels that includes 10 liquefied petroleum gas liquefied petroleum gas or LPG, mixture of gases, chiefly propane and butane, produced commercially from petroleum and stored under pressure to keep it in a liquid state.  (LPG LPG: see liquefied petroleum gas.

1. LPG - Linguaggio Procedure Grafiche (Italian for "Graphical Procedures Language"). dott. Gabriele Selmi. Roughly a cross between Fortran and APL, with graphical-oriented extensions and several peculiarities.
) carriers from 3,000 to 78,000 m3, 4 container vessels of 2,300 TEU TEU Twenty-Foot Equivalent Units (intermodal shipping container)
TEU Technical Escort Unit
TEU Technical Escort Unit (Army)
TEU Tactical Enforcement Unit
TEU Treaty of European Union
 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 Long-term

Three or more years. In the context of accounting, more than 1 year.


long-term

1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-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

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Article Details
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Publication:Business Wire
Geographic Code:4EXMN
Date:Aug 5, 2005
Words:248
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