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
) 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”.