| Business Summary | | MC
Shipping
Inc.
is
engaged
in
the
business
of
investing
in,
owning
and
operating
second-hand
vessels.
As
of
December
31,
1999,
the
Company's
fleet
included
10
liquid
petroleum
gas
carriers
(including
five
acquired
in
March
1998
from
Vlasov
Shipholdings
Inc.,
an
affiliate
of
the
Vlasov
Group),
eight
containerships,
three
multi-purpose
carriers
and
four
multi-purpose
seariver
vessels
(one
of
which
is
owned
by
a
joint
venture
in
which
the
Company
has
a
50%
interest).
Each
of
the
Company's
vessels
is
owned
by
a
separate
wholly
owned
subsidiary
of
the
Company. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MCX,
through
its
subsidiaries,
is
engaged
in
the
business
of
investing
in,
owning
and
operating
second-hand
vessels
known
as
multipurpose
carriers,
feeder-size
containerships
and
product
tankers.
For
the
26
weeks
ended
6/30/01,
revenues
fell
10%
to
$26.3
million.
Net
income
before
extraordinary
item
totaled
$1.3
million
vs.
a
loss
of
$26.3
million.
Results
reflect
lower
charterhire
revenue
due
to
the
sale
of
vessels,
offset
by
reduced
provisions
for
losses
on
vessels. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Mauro Terrevazzi, 64 | Chairman
and CEO | Guy Morel, 51 | Pres,
COO | Graham Pimblett, 45 | VP
- Operations | Dominique Sergent, 45 | VP,
CFO, Treasurer | Ian Livesay, 60 | Sec. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|