Company Profile for MC SHIPPING INC.

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.
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   Company:                MC SHIPPING INC.

   Headquarters Address:   Aigue Marine
                           24, Av. de Fontvieille
                           Monte Carlo 98000
                           Monaco

   Main Telephone:         [phone]

   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:                [e-mail]

   Investor Relations
     Contact:              Peter Shaerf
     Phone:                [phone]
     Email:                [e-mail]

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