MCX MC Shipping

MC Shipping Inc., (AMEX:MCX) today announced that it has taken delivery of its two recently acquired semi-refrigerated liquefied petroleum gas (LPG) tankers with cargo capacity of 5,600 cbm each. The vessels "Hermann Schulte" (renamed "London Bridge") and "Dorothea Schulte" (renamed "Blackfriars Bridge") were delivered from the Schulte Group and immediately entered into a minimum 12-month time charter to the sellers. Tony Crawford, the CEO of MC Shipping stated, "We warmly welcome these additions to our LPG fleet and the positive effect they will have on our results. These ships have given us a chance to benchmark operating costs as for the first time we have appointed another technical manager, Wallem Shipmanagement, that is headquartered in Hong Kong, to manage the vessels on our behalf. We believe, introducing competition to price and service we get from the managers will assist the Company to offer its shareholders and customers the best service expected as we continue to build our presence in this sector." About MC Shipping Inc. MC Shipping Inc. is a fast growing ship owner, primarily focused on the expanding LPG shipping sector. As of today, the Company's fleet (including wholly and partially owned vessels) totals eighteen ships: 12 LPG carriers, four container carriers and two coastal bulk carriers. Safe Harbor This news release contains forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. One can generally identify these forward-looking statements because they contain "expect", "believe", "anticipate", "estimate", "confident" and other words that convey a similar meaning. One can also identify these statements as statements that do not relate strictly to historical or current facts. One should understand that it is not possible to predict or identify all factors that could cause actual results to differ from the Company's forward-looking statements. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any such statement is based.