V.Investments to Buy Shares in MC Shipping

Friday, May 14, 2004
V.Investments Ltd, part of the V.Ships Group, and it’s investment partner, Navalmar, announces that it has acquired the Vlasov Group’s shareholding in the American Stock Exchange-listed shipping company, MC Shipping Inc.

Established in May 1989, via an initial public offering sponsored by Vlasov, Monaco-based MC Shipping Inc currently owns a fleet of 13 vessels. The fleet comprises seven liquefied petroleum gas (LPG) carriers from 3,000 to 72,000 CBM, four container vessels ranging from 2,800 to 3,500 TEU and two small multipurpose/general cargo vessels. These vessels are deployed either on a time or voyage charter basis with technical management provided by V.Ships.

The Vlasov Group, which also holds a number of investments in the cruise market, held a 48% shareholding in MC Shipping. This shareholding will be acquired by V.Investments Ltd and Navalmar UK, a major dry cargo ship owning company operating a number of lines on a worldwide basis. Commenting on the acquisition, Tullio Biggi, President of the V.Ships’ holding company, V.Holdings Ltd, said: “We have provided support services to MC Shipping for 15 years and we are very positive about strengthening this relationship further in a company which we see as offering significant growth potential.” He added: “Navalmar is a company which was one of V.Ships’ first third-party customers and we have maintained a close relationship. We share a common view of how MC Shipping should realize further business potential in a market of opportunity”.

Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Ross is Fleet Manager, Heidmar

Heidmar announced the promotion of Duncan Ross to Fleet Manager. Duncan joined Heidmar’s London office in 2012 as vessel manager.  Prior to joining Heidmar,

Diana Shipping Nets 2Q Loss

Diana Shipping Inc. today reported a net loss of $14.1 million and net loss attributed to common stockholders of $15.5 million for the second quarter of 2015, compared to net loss of $5.

U.S. Drillers Add Rigs Despite Crude Collapse

U.S. energy firms added 5 oil rigs this week after putting 21 rigs into service last week, the most in over a year, despite a collapse in U.S. crude prices from recent highs in June,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2312 sec (4 req/sec)