SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
---------------
SCHEDULE 13D
(Rule 13d-101)
(Amendment #5)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
MC SHIPPING INC.
(Name of Issuer)
Common Stock, $0.01 par value
(Title of Class of Securities)
55267Q 104
(CUSIP Number)
Patrick Rosselet Michael Lloyd
Trust Company Complex Third Floor, Millennium Bridge House
Ajeltake Road, Ajeltake Island 3 Lambeth Hill
Majuro, Marshall Islands 96960 London EC4V 4AJ
+377 92 051010 United Kingdom
+44 (0)20 7920 9666
(Name, Address and Telephone Number of Persons Authorized
to Receive Notices and Communications)
with copies to:
Christopher Edwards, Esq. Peter E. Ruhlin, Esq.
Marine Legal Services Ltd. Linklaters
Gate House 1345 Avenue of the Americas
1 Farringdon Street New York, NY 10105
EC4M 7NS London (212) 903-9000
United Kingdom
+44 (0)20 7329 2422
July 28, 2006
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box. |_|
The information required on this cover page shall not be deemed to be "filed"
for purposes of Section 18 of the Securities Exchange Act of 1934, as amended
(the "Act"), or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act.
------------------------ ------------------------
CUSIP No. 55267Q 104 13D Page 2 of 33 Pages
------------------------ ------------------------
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY).
V. Investments Limited
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC/BK
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Marshall Islands
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
None
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 4,492,385
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,492,385
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
265,937
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.96%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC
--------------------------------------------------------------------------------
------------------------ ------------------------
CUSIP No. 55267Q 104 13D Page 3 of 33 Pages
------------------------ ------------------------
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY).
V. Ships Inc.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Liberia
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
None
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 4,492,385
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,492,385
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
265,937
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.96%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC
--------------------------------------------------------------------------------
------------------------ ------------------------
CUSIP No. 55267Q 104 13D Page 4 of 33 Pages
------------------------ ------------------------
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY).
V. Ships Group Ltd.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Isle of Man
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
None
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 4,492,385
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,492,385
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
265,937
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.96%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC
--------------------------------------------------------------------------------
------------------------ ------------------------
CUSIP No. 55267Q 104 13D Page 5 of 33 Pages
------------------------ ------------------------
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY).
V. Holdings Limited
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Isle of Man
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
None
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 4,492,385
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,492,385
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
265,937
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.96%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC
--------------------------------------------------------------------------------
------------------------ ------------------------
CUSIP No. 55267Q 104 13D Page 6 of 33 Pages
------------------------ ------------------------
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY).
Greysea Limited
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Guernsey
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
None
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 4,492,385
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,492,385
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
265,937
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.96%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
------------------------ ------------------------
CUSIP No. 55267Q 104 13D Page 7 of 33 Pages
------------------------ ------------------------
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY).
Close Securities Limited
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United Kingdom
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
None
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 4,492,385
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,492,385
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
265,937
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.96%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
------------------------ ------------------------
CUSIP No. 55267Q 104 13D Page 8 of 33 Pages
------------------------ ------------------------
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY).
Close Investment Partners Limited
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United Kingdom
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
None
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 4,492,385
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,492,385
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
265,937
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.96%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
------------------------ ------------------------
CUSIP No. 55267Q 104 13D Page 9 of 33 Pages
------------------------ ------------------------
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY).
Navalmar Transportes Maritimos LDA
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC/BK
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Portugal
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
None
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 4,492,385
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,492,385
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,226,448
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
47.1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
------------------------ ------------------------
CUSIP No. 55267Q 104 13D Page 10 of 33 Pages
------------------------ ------------------------
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY).
CO.FI.PA SpA
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC/BK
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Italy
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
None
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 4,492,385
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,492,385
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,226,448
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
47.1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC
--------------------------------------------------------------------------------
------------------------ ------------------------
CUSIP No. 55267Q 104 13D Page 11 of 33 Pages
------------------------ ------------------------
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY).
Enrico Bogazzi
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC/BK
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Italy
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
None
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 4,492,385
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,492,385
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,226,448
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
47.1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
------------------------ ------------------------
CUSIP No. 55267Q 104 13D Page 12 of 33 Pages
------------------------ ------------------------
Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934,
the Reporting Persons (as enumerated in Item 2) have agreed to file one
statement with respect to their ownership of common stock of MC Shipping Inc.
The Joint Filing Agreement among the Reporting Persons is attached as Exhibit 1
hereto. This joint Schedule 13D/A of the Reporting Persons is hereinafter
referred to as the "Statement."
Item 1. Security and Issuer.
This Statement relates to the common stock, US$0.01 par value (the
"Common Shares"), of MC Shipping Inc., a Liberian corporation (the "Issuer").
The principal executive offices of the Issuer are located at 24, avenue de
Fontvieille, 98000 Monaco.
Item 2. Identity and Background.
Item 2 (a) - (c) and (f) below is hereby amended and restated by (each
a "Reporting Person" and, collectively, the "Reporting Persons") as follows:
V. Investments Limited, with its principal offices at "Aigue Marine",
24 avenue de Fontvieille, B.P. 639, MC - 98013, Monaco (+377 92-05-10-10), is a
Marshall Islands company organized to hold certain asset investments.
V. Holdings Limited, with its principal offices at Eaglehurst, Belmont
Hill, Douglas, Isle of Man IM1 4NY, is a holding company organized under the
laws of the Isle of Man that wholly owns V. Investments Limited and V. Ships
Group Ltd.
V. Ships Group Ltd. is a holding company organized under the laws of
the Isle of Man with its principal offices at "Aigue Marine", 24 avenue de
Fontvieille, B.P. 639, MC - 98013, Monaco (+377 92-05-10-10). V. Ships Group
Ltd. wholly owns V. Ships Inc.
V. Ships Inc., with its principal offices at "Aigue Marine", 24 avenue
de Fontvieille, B.P. 639, MC - 98013, Monaco (+377 92-05-10-10), is a holding
company organized under the laws of Liberia.
Greysea Limited, with its principal offices at "Aigue Marine", 24
avenue de Fontvieille, B.P. 639, MC - 98013, Monaco (+377 92-05-10-10), is a
private investment vehicle organized under the laws of Guernsey that partially
owns V. Holdings Limited.
Close Securities Limited, with its principal offices at 10 Throgmorton
Avenue, London, EC2N 2DL, United Kingdom (+44 (0)207-065-1100), is a fellow
subsidiary of Close Investment Partners Limited and the nominee holder of Close
Investment Partners Limited's investment in V. Holdings Limited.
Close Investment Partners Limited, a UK company with its principal
offices at with its principal offices at 10 Throgmorton Avenue, London, EC2N
2DL, United Kingdom (+44 (0)207-065-1100), is the general partner of a limited
partnership which invests in V. Holdings Limited.
------------------------ ------------------------
CUSIP No. 55267Q 104 13D Page 13 of 33 Pages
------------------------ ------------------------
Navalmar Transportes Maritimos LDA, with its principal offices at Rua
Dos Murcas 15, Sala G, 2nd Andar, 9000 Funchal (Madeira) Portugal (+3 51 291
238565), is a Portuguese company which owns and operates a fleet of vessels.
CO.FI.PA SpA, (formerly known as Bogazzi Fimpar SpA), with its
principal offices at Via Cadorna 49/A, 54036, Marina di Carrara, Italy (+390
585-631665), is an Italian holding company that beneficially owns approximately
74% of Navalmar (UK) Limited and approximately 74% of Navalmar Transportes
Maritimos LDA.
Enrico Bogazzi, an Italian citizen with his principal office at Via
Cadorna 49/A, 54036, Marina di Carrara, Italy (+390 585-631665), is the majority
shareholder and a director of CO.FI.PA SpA. Enrico Bogazzi is also a director of
B Navi SpA, a ship management company, and Vittorio Bogazzi & Figli SpA, a ship
agency company.
The directors and executive officers of the Reporting Persons are set
forth on Schedule I attached hereto. Schedule I sets forth the following
information with respect to each such person: (i) name, (ii) business address;
(iii) present principal occupation or employment and the name, principal
business and address of any corporation or other organization in which such
employment was conducted and (iv) citizenship.
(d) - (e) During the last five years, neither the Reporting Persons
nor, to the best of the knowledge of the Reporting Persons, any person named in
Schedule I attached hereto has been (a) convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) or (b) a party to any
civil proceeding of a judicial or administrative body of competent jurisdiction
and as a result of such proceeding was or is subject to a judgment, decree or
final order enjoining them from future violations of, or prohibiting or
mandating activities subject to, federal or state securities laws, or finding
any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 is amended and restated as follows:
As described under Item 4 below, V. Investments Limited and Navalmar
(UK) Limited entered into a sales agreement (the "Sales Agreement") with Vlasov
Investment Corporation (the "Seller"), a Liberian corporation, to purchase in
aggregate 4,168,000 Common Shares in consideration of US$2.76 per Common Share,
totaling US$11,503,680 (the "Purchase Price"). Of these 4,168,000 Common Shares,
1,946,456 were purchased by V. Investments Limited for US$5,372,215.56 and
2,221,544 were purchased for US$6,131,464.44 by Navalmar (UK) Limited.
At completion on May 13, 2004, Navalmar (UK) Limited funded its entire
portion of the Purchase Price with cash provided by a loan from its
shareholders. V. Investments Limited funded its portion of the Purchase Price
with cash provided by its shareholders in two separate payments to the Seller.
------------------------ ------------------------
CUSIP No. 55267Q 104 13D Page 14 of 33 Pages
------------------------ ------------------------
As described under Item 4 below, Navalmar Transportes Maritimos LDA, a
sister company of Navalmar (UK) Limited, agreed to purchase 1,780,000 Common
Shares of MC Shipping from V. Investments Limited for an aggregate purchase
price of US$16,020,000. On October 5, 2005, Navalmar Transportes Maritimos LDA
funded the purchase price with a combination of owned liquid assets and a
partial contribution of borrowed funds in the amount of US$5,000,000 to be
repaid in equal installments over five years at LIBOR plus.
On November 30, 2005, Navalmar Transportes Maritimos LDA purchased
2,800,744 Common Shares from Navalmar (UK) Limited for an aggregate purchase
price of US$27,027,180 (US$9.65 per share). Navalmar Transportes Maritimos LDA
funded the purchase price with its own liquid assets.
On November 16, 2005, Navalmar Transportes Maritimos LDA entered into
an agreement whereby it agreed to sell to Weco Rederi As, a Danish corporation
("Weco Rederi"), 555,555 Common Shares for an aggregate purchase price of
US$4,999,995 (US$9.00 per share). The securities were transferred on December
15, 2005.
On July 28, 2006, V. Investments Limited and Greysea Limited agreed to
sell their remaining interest in MC Shipping, 265,937 Common Shares for an
aggregate sale price of US$2,872,119 (US $10.80 per share) to Weco Rederi.
Item 4. Purpose of Transaction.
Item 4 is amended and restated as follows:
On May 4, 2004, Navalmar (UK) Limited and V. Investments Limited (the
"Purchasers") finalized the Sales Agreement to purchase the 4,168,000 Common
Shares owned by Vlasov Investment Corporation.
The Purchasers agreed to pay Vlasov Investment Corporation US$2.76 per
Common Share, which totaled US$11,503,680. As described in Item 3 above,
Navalmar (UK) Limited paid the entire amount of consideration due the Seller for
the 2,221,544 Common Shares it purchased from the Seller on May 13, 2004, the
date of closing of the transaction. V. Investments Limited paid for its shares
in two separate payments.
On August 16, 2005, Navalmar Transportes Maritimos LDA, a sister
company to Navalmar (UK) Limited, entered into a transaction for the purchase of
1,780,000 shares of MC Shipping from V. Investments Limited at a price of US$9
per share. Under the Heads of Terms, Navalmar Transportes Maritimos LDA agreed
to pay a total amount of US$16,020,000 to V. Investments Limited. The sale was
consummated on October 5, 2005. Under the terms of the agreement, if Navalmar
Transportes Maritimos LDA resells any of the shares within twelve months after
the date of completion of the transaction, it will split in half the proceeds in
excess of US$9 per share between itself and V. Investments Limited.
On November 30, 2005, Navalmar Transportes Maritimos LDA purchased
2,800,744 Common Shares from Navalmar (UK) Limited for an aggregate purchase
price of US$27,027,180 ($9.65 per share). Navalmar Transportes Maritimos LDA
funded the purchase price with its own liquid assets.
------------------------ ------------------------
CUSIP No. 55267Q 104 13D Page 15 of 33 Pages
------------------------ ------------------------
On November 16, 2005, Navalmar Transportes Maritimos LDA entered into
an agreement whereby it agreed to sell to Weco Rederi 555,555 Common Shares for
an aggregate purchase price of US$4,999,995 (US$9.00 per share). The securities
were transferred on December 15, 2005.
On July 28, 2006, V. Investments Limited and Greysea Limited agreed to
sell their remaining interest in MC Shipping, 265,937 Common Shares for an
aggregate sale price of US$2,872,119 (US $10.80 per share) to Weco Rederi.
V. Investments Limited and Greysea Limited's purpose in effecting their
sale of Common Shares is to realize their remaining investment in the Issuer.
Except as set forth herein, no contract, arrangement, relationship or
understanding (either oral or written) exists with the Reporting Persons as to
the acquisition, disposition, voting or holding of shares. Except as set forth
herein, the Reporting Person has no present plan or proposal that would result
in or relate to any of the transactions required to be described in Item 4 of
Schedule 13D.
Item 5. Interest in Securities of the Issuer.
Item 5 is amended and restated as follows:
(a) - (b) V. Investments Limited, V. Ships Inc., V. Ships Group Ltd.,
V. Holdings Limited, Greysea Limited, Close Securities Limited, Close Investment
Partners Limited, Navalmar Transportes Maritimos LDA, CO.FI.PA SpA, and Enrico
Bogazzi may be deemed to have shared beneficial ownership of 4,492,385 Common
Shares, which represents approximately 50.1% of the common stock outstanding
(based on 8,972,714 Common Shares outstanding). The Reporting Persons share
voting and dispositive power.
The Reporting Persons do not affirm the existence of a group and are
filing this statement jointly pursuant to Rule 13d-1(k)(1) promulgated under the
Exchange Act.
(c). On July 28, 2006, V. Investments Limited and Greysea Limited
agreed to dispose of 265,937 Common Shares at US$10.80 per share by means of a
private sale.
(d). Not applicable
(e) As of July 28, 2006, V. Investments Limited, V. Holdings Limited, V
Ships Group Ltd., V. Ships Inc., Greysea Limited, Close Securities Limited and
Close Investment Partners Limited ceased to be beneficial owners of more than
five percent of the Common Shares. Therefore, these entities are no longer
required to file amendments to the Schedule 13D.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect
to Securities of the Issuer.
------------------------ ------------------------
CUSIP No. 55267Q 104 13D Page 16 of 33 Pages
------------------------ ------------------------
Except as described herein, neither Reporting Person nor, to the best
of the Reporting Persons' knowledge, any of the persons named in Schedule I
hereto has any contracts, arrangements, understandings or relationships (legal
or otherwise) with any persons with respect to any securities of MC Shipping
Inc., including, but not limited to, transfers or voting of any securities,
finder's fees, joint ventures, loan or option arrangements, puts or calls,
guarantees or profits, division of profits or loss, or the giving or withholding
of proxies.
1. Voting Agreement between V. Holdings Limited and Navalmar
Transportes Maritimos LDA. A verbal understanding existed between V. Investments
Limited and Navalmar Transportes Maritimos LDA that their interests in MC
Shipping Inc. will be voted in concert. No documentation exists in connection
with this verbal understanding, which terminated on July 28, 2006, when V.
Holdings Limited ceased to beneficially own Common Shares.
See Item 4.
Item 7. Material to be Filed as Exhibits.
Exhibit 1: Joint Filing Agreement
------------------------ ------------------------
CUSIP No. 55267Q 104 13D Page 17 of 33 Pages
------------------------ ------------------------
SIGNATURES
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Dated: July 28, 2006 V. Investments Limited
/s/ Roberto Giorgi
-----------------------------
By: Roberto Giorgi
Title: Authorized Signatory
V. Ships Inc.
/s/ Roberto Giorgi
-----------------------------
By: Roberto Giorgi
Title: Authorized Signatory
V. Ships Group Ltd.
/s/ Roberto Giorgi
-----------------------------
By: Roberto Giorgi
Title: Authorized Signatory
V. Holdings Limited
/s/ Patrick Rosselet
-----------------------------
By: Patrick Rosselet
Title: Authorized Signatory
Greysea Limited
/s/ Roberto Giorgi
-----------------------------
By: Roberto Giorgi
Title: Authorized Signatory
------------------------ ------------------------
CUSIP No. 55267Q 104 13D Page 18 of 33 Pages
------------------------ ------------------------
Close Securities Limited
/s/ Sarah Hale
-----------------------------
By: Sarah Hale
Title: Authorized Signatory
Close Investment Partners Limited
/s/ Sarah Hale
-----------------------------
By: Sarah Hale
Title: Authorized Signatory
Navalmar Transportes Maritimos LDA
/s/ Andrea Colombo
-----------------------------
By: Andrea Colombo
Title: Authorized Signatory
CO.FI.PA SpA
/s/ Enrico Bogazzi
-----------------------------
By: Enrico Bogazzi
Title: Authorized Signatory
Enrico Bogazzi
/s/ Enrico Bogazzi
-----------------------------
By: Enrico Bogazzi
------------------------ ------------------------
CUSIP No. 55267Q 104 13D Page 19 of 33 Pages
------------------------ ------------------------
SCHEDULE I
EXECUTIVE OFFICERS AND DIRECTORS OF V. INVESTMENTS LIMITED
The name of each director and executive officer of V. Investments
Limited is set forth below. Directors of V. Investments Limited are indicated by
an asterisk.
Name Present Principal Occupation or Employment Citizenship
Business Address, and Business Telephone
Number; Other Material Positions Held during
the Past Five Years:
--------------- -------------------------------------------- ------------------------
Tullio Biggi* Chief Executive Officer, V. Holdings Group Italy
"Aigue Marine"
24 avenue de Fontvieille
B.P. 639 MC - 98013 Monaco +377 92-05-10-10
Tullio Biggi has been employed with the V.
Holdings Group for the past five years.
Roberto Giorgi* Chief Executive Officer of Ship Management Division Italy
V. Holdings Group
"Aigue Marine"
24 avenue de Fontvieille
B.P. 639 MC - 98013 Monaco +377 92-05-10-10
Roberto Giorgi has been employed with the V.
Holdings Group for the past five years.
Patrick Rosselet* Group Finance Director, V. Ships Group Ltd. Switzerland
Rue du Clos 21-23
C.P. 6165 CH - 1211 Geneva 6 Switzerland +41
22-737-0300
Acomarit Services Maritime SA
Rue du Clos 21-23
C.P. 6165 CH-1211 Geneva 6 Switzerland
Patrick Rosselet has been employed with V. Ships Group Ltd.
since January 2001. Prior to his employment with V. Ships
Group Ltd., he was the Group Finance Director at Acomarit
Services Maritime SA (a shipping company).
Malcolm Willingale* Corporate Strategy Director of Corporate Services Division, UK
UK Division
V. Holdings Group
Gate House
1 Farringdon Street
EC4M 7NS
+44 (0) 20 7489 0088
Malcolm Willingale has been employed with the V.
Holdings Group for the past five years.
------------------------ ------------------------
CUSIP No. 55267Q 104 13D Page 20 of 33 Pages
------------------------ ------------------------
EXECUTIVE OFFICERS AND DIRECTORS OF V. SHIPS INC.
The name of each director and executive officer of V. Ships Inc. is set
forth below. Directors of V. Ships Inc. are indicated by an asterisk.
Name Present Principal Occupation or Employment Citizenship
Business Address, and Business Telephone
Number; Other Material Positions Held during
the Past Five Years:
--------------- -------------------------------------------- ------------------------
Tullio Biggi* Chief Executive Officer, V. Holdings Group Italy
"Aigue Marine"
24 avenue de Fontvieille
B.P. 639 MC - 98013 Monaco +377 92-05-10-10
Tullio Biggi has been employed with the V.
Holdings Group for the past five years.
Roberto Giorgi* Chief Executive Officer of Ship Management Division Italy
V. Holdings Group
"Aigue Marine"
24 avenue de Fontvieille
B.P. 639 MC - 98013 Monaco +377 92-05-10-10
Roberto Giorgi has been employed with the V.
Holdings Group for the past five years.
Lorenzo Malvarosa* Chief Operating Officer of Ship Management Division Italy
V. Holdings Group
"Aigue Marine"
24 avenue de Fontvieille
B.P. 639 MC - 98013 Monaco +377 92-05-10-10
Lorenzo Malvarosa has been employed with the V.
Holdings Group for the past five years.
EXECUTIVE OFFICERS AND DIRECTORS OF V. SHIPS GROUP LTD.
The name of each director and executive officer of V. Ships Group Ltd.
is set forth below. Directors of V. Ships Group Ltd. are indicated by an
asterisk.
Name Present Principal Occupation or Employment Citizenship
Business Address, and Business Telephone
Number; Other Material Positions Held during
the Past Five Years:
--------------- -------------------------------------------- ------------------------
Tullio Biggi* Chief Executive Officer, V. Holdings Group Italy
"Aigue Marine"
24 avenue de Fontvieille
B.P. 639 MC - 98013 Monaco +377 92-05-10-10
Tullio Biggi has been employed with the V.
Holdings Group for the past five years.
------------------------ ------------------------
CUSIP No. 55267Q 104 13D Page 21 of 33 Pages
------------------------ ------------------------
Patrick Rosselet* Group Finance Director, V. Ships Group Ltd. Switzerland
Rue du Clos 21-23
C.P. 6165 CH - 1211 Geneva 6 Switzerland
+41 22-737-0300
Acomarit Services Maritime SA
Rue du Clos 21-23
C.P. 6165 CH-1211 Geneva 6 Switzerland
Patrick Rosselet has been employed with V. Ships Group Ltd.
since January 2001. Prior to his employment with V. Ships
Group Ltd., he was the Group Finance Director at Acomarit
Services Maritime SA (a shipping company).
David Greenhalgh* Managing Director, V. Ships (Isle of Man) Limited UK
Eaglehurst
Belmont Hill
Douglas IM1 4NY
Isle of Man
+44 1624-688-886
David Greenhalgh has been employed with V. Ships Group Ltd.
for the past five years.
David North* Non-Executive Director, V. Holdings Limited UK
Rue du Clos 21-23
C.P. 6165 CH - 1211 Geneva 6 Switzerland +41
22-737-0300
18 Glen Vine Park
Crosby IM4 4HA
Isle of Man
+44 1624-851-676
Central Government Office
Douglas
Isle of Man
David North is a Non-Executive Director of V.
Holdings Limited. He is retired from his position
as Minister at the Department of Trade & Industry
of the Isle of Man government, where he served
from 1996 until his retirement in 2001.
EXECUTIVE OFFICERS AND DIRECTORS OF V. HOLDINGS LIMITED
The name of each director and executive officer of V. Holdings Limited
is set forth below. Directors of V. Holdings Limited are indicated by an
asterisk.
Name Present Principal Occupation or Employment Citizenship
Business Address, and Business Telephone
Number; Other Material Positions Held during
the Past Five Years:
--------------- -------------------------------------------- ------------------------
------------------------ ------------------------
CUSIP No. 55267Q 104 13D Page 22 of 33 Pages
------------------------ ------------------------
Tullio Biggi* Chief Executive Officer, V. Holdings Group Italy
"Aigue Marine"
24 avenue de Fontvieille
B.P. 639 MC - 98013 Monaco +377 92-05-10-10
Tullio Biggi has been employed with the V.
Holdings Group for the past five years.
Roberto Giorgi* Chief Executive Officer of Ship Management Division Italy
V. Holdings Group
"Aigue Marine"
24 avenue de Fontvieille
B.P. 639 MC - 98013 Monaco +377 92-05-10-10
Roberto Giorgi has been employed with the V.
Holdings Group for the past five years.
Giorgio Sulser* Non-Executive Director, V. Holdings Limited Switzerland
Rue du Clos 21-23
C.P. 6165 CH - 1211 Geneva 6 Switzerland +41
22-737-0300 Acomarit Services Maritime SA
Rue du Clos 21-23
C.P. 6165 CH-1211 Geneva 6 Switzerland
Giorgio Sulser has been employed with V. Holdings
Limited since January 2001. Prior to his employment
with V. Holdings Limited, he was the CEO and Chairman
of Acomarit Services Maritime SA (a shipping company).
Donald Anderson* Chief Executive Officer of Corporate Services Division UK
V. Holdings Limited
"Aigue Marine"
24 avenue de Fontvieille
B.P. 639 MC - 98013 Monaco +377 92-05-10-10
Donald Anderson has been employed with the V.
Holdings Group for the past five years.
Antony Crawford Chief Executive Officer of Financial Services Project UK
Division, V. Holdings Group
Gate House
1 Farringdon Street
London EC4M 7NS
United Kingdom
+44 207-332-8500
Antony Crawford has been employed with the V. Holdings
Group for the past five years.
David Greenhalgh* Managing Director, V. Ships (Isle of Man) Limited UK
Eaglehurst
Belmont Hill
Douglas IM1 4NY
Isle of Man
+44 1624-688-886
David Greenhalgh has been employed with V. Ships
Group Ltd. for the past five years.
------------------------ ------------------------
CUSIP No. 55267Q 104 13D Page 23 of 33 Pages
------------------------ ------------------------
David North* Non-Executive Director, V. Holdings Limited UK
Rue du Clos 21-23
C.P. 6165 CH - 1211 Geneva 6 Switzerland
+41 22-737-0300
18 Glen Vine Park
Crosby IM4 4HA
Isle of Man
+44 1624-851-676
Central Government Office
Douglas
Isle of Man
David North is a Non-Executive Director of V. Holdings
Limited. He is retired from his position as Minister
at the Department of Trade & Industry of the Isle of
Man government, where he served from 1996 until his
retirement in 2001.
Iestyn Williams Non-Executive Chairman, V. Holdings Limited UK
Rue du Clos 21-23
C.P. 6165 CH - 1211 Geneva 6 Switzerland
+41 22-737-0300
Tainni Wey Road
Weybridge
Surrey KT13 8HB
United Kingdom
+44 1932-852-728
Serco Government Services
Serco House
16 Bartley Wood Business Park
Hampshire RG27 9UY
+44 1932-852-728
Iestyn Williams is a Non-Executive Chairman of V.
Holdings Limited. Earlier (until 31 March 2004),
Iestyn was Executive Director at the Serco Group
plc, whose principal business is the outsourcing
of government services.
EXECUTIVE OFFICERS AND DIRECTORS OF GREYSEA LIMITED
The name of each director and executive officer of Greysea Limited is
set forth below. Directors of Greysea Limited are indicated by an asterisk.
Name Present Principal Occupation or Employment Citizenship
Business Address, and Business Telephone
Number; Other Material Positions Held during
the Past Five Years:
--------------- -------------------------------------------- ------------------------
------------------------ ------------------------
CUSIP No. 55267Q 104 13D Page 24 of 33 Pages
------------------------ ------------------------
Tullio Biggi* Chief Executive Officer, V. Holdings Group Italy
"Aigue Marine"
24 avenue de Fontvieille
B.P. 639 MC - 98013 Monaco +377 92-05-10-10
Tullio Biggi has been employed with the V.
Holdings Group for the past five years.
Roberto Giorgi* Chief Executive Officer of Ship Management Division Italy
V. Holdings Group
"Aigue Marine"
24 avenue de Fontvieille
B.P. 639 MC - 98013 Monaco +377 92-05-10-10
Roberto Giorgi has been employed with the V.
Holdings Group for the past five years.
Lorenzo Malvarosa* Chief Operating Officer of Ship Management Division Italy
V. Holdings Group
"Aigue Marine"
24 avenue de Fontvieille
B.P. 639 MC - 98013 Monaco +377 92-05-10-10
Lorenzo Malvarosa has been employed with the V.
Holdings Group for the past five years.
Malcolm Willingale* Corporate Strategy Director of Corporate Services Division, UK
V. Holdings Group
Gate House
1 Farringdon Street
EC4M 7NS London
United Kingdom
+44 207-489-0088
Malcolm Willingale has been employed with the V.
Holdings Group for the past five years.
Mauro Terrevazzi* President, Vlasov Group Italy
"Aigue Marine"
24 Avenue de Fontvieille
B.P. 639
MC - 98013 Monaco
+377 9205 1010
Mauro Terrevazzi has been employed with the Vlasov
Group for the past five years.
------------------------ ------------------------
CUSIP No. 55267Q 104 13D Page 25 of 33 Pages
------------------------ ------------------------
EXECUTIVE OFFICERS AND DIRECTORS OF CLOSE SECURITIES LIMITED
The name of each director and executive officer of Close Securities
Limited is set forth below. Directors of Close Securities Limited are indicated
by an asterisk.
Name Present Principal Occupation or Employment Citizenship
Business Address, and Business Telephone
Number; Other Material Positions Held during
the Past Five Years:
--------------- -------------------------------------------- ------------------------
Roger Perrin* Director, Close Asset Management Holdings Limited UK
10 Crown Place
London EC2A 4FT
United Kingdom
+44 2076-553-100
Investment Banker, Close Brothers Group plc
10 Crown Place
London EC2A 4FT
United Kingdom
+44 2076-553-100
Roger Perrin is a director at Close Asset Management
Holdings Limited and has been employed by the Close
Brothers Group plc, an investment bank, for the past
five years.
Bill Crossan* Investment Banker UK
Close Brothers Growth Capital Limited
10 Throgmorton Avenue
London EC2A 2DL
United Kingdom
+44 2070-651-100
Bill Crossan has been employed with Close Brothers
Growth Capital Limited for the past five years.
John Kelly* Investment Banker UK
Close Brothers Private Equity LLP
10 Throgmorton Avenue
London EC2A 2DL
United Kingdom
+44 2070-651-100
John Kelly has been employed as an investment banker
with Close Brothers Private Equity LLP for the past
five years.
Julian Daly* Finance Director, UK
Close Asset Management Holdings Limited
10 Crown Place
London EC2A 4FT
United Kingdom
+44 2076-553-100
Temenos Systems (UK) Ltd.
Albert Embankment
London
United Kingdom
Julian Daly has been employed with Close Asset
Management Holdings Limited, a holding company for the
Close Brothers Group plc asset management division
businesses, since March 2000. Prior to his employment
with Close Asset Management Holdings Limited, Julian
Daly was Finance Director at Temenos Systems (UK)
Ltd., whose principal business is banking software.
------------------------ ------------------------
CUSIP No. 55267Q 104 13D Page 26 of 33 Pages
------------------------ ------------------------
Jonathan Sieff* Investment Banker, Close Brothers Group plc UK
10 Crown Place
London EC2A 4FT
United Kingdom
+44 2076-553-100
Gerrard Limited
Old Mutual Place
2 Lambeth Hill
London EC4V 4GG
United Kingdom
Gerrard Private Bank (IOM) Limited St. Mary's Court 20
Hill Street, Douglas Isle of Man, IM1 1EU United
Kingdom Old Mutual plc 5th Floor, Old Mutual Place 2
Lambeth Hill London, EC4V 4GG United Kingdom. Jonathan
Sieff has been employed by the Close Brothers Group
plc, an investment bank, since June 2003. Prior to his
employment with the Close Brothers Group plc, Jonathon
Sieff was Executive Director at Gerrard Limited from
January 2002 and simultaneously (joint) CEO of Gerrard
Private Bank from May 2001. From July 1999 through
April 2001, Jonathon Sieff was a member of the
Corporate Development division at Old Mutual plc.
Sarah Hale* Company Secretary, Close Brothers Private Equity UK
10 Throgmorton Avenue
London EC2N 2DL
United Kingdom
+44 (0) 20 7065 1115
Sarah Hale has been Company Secretary for Close
Brothers Private Equity for the past five years.
------------------------ ------------------------
CUSIP No. 55267Q 104 13D Page 27 of 33 Pages
------------------------ ------------------------
EXECUTIVE OFFICERS AND DIRECTORS OF CLOSE INVESTMENT PARTNERS LIMITED
The name of each director and executive officer of Close Investment
Partners Limited is set forth below. Directors of Close Investment Partners
Limited are indicated by an asterisk.
Name Present Principal Occupation or Employment Citizenship
Business Address, and Business Telephone
Number; Other Material Positions Held during
the Past Five Years:
--------------- -------------------------------------------- ------------------------
Roger Perrin* Director, Close Asset Management Holdings Limited UK
10 Crown Place
London EC2A 4FT
United Kingdom
+44 2076-553-100
Investment Banker, Close Brothers Group plc
10 Crown Place
London EC2A 4FT
United Kingdom
+44 2076-553-100
Roger Perrin is a director at Close Asset Management
Holdings Limited and has been employed by the Close
Brothers Group plc, an investment bank, for the past
five years.
Bill Crossan* Investment Banker UK
Close Brothers Growth Capital Limited
10 Throgmorton Avenue
London EC2A 2DL
United Kingdom
+44 2070-651-100
Bill Crossan been employed with Close Brothers Growth
Capital Limited for the past five years.
Julian Daly* Finance Director, UK
Close Asset Management Holdings Limited
10 Crown Place
London EC2A 4FT
United Kingdom
+44 2076-553-100
Temenos Systems (UK) Ltd.
Albert Embankment
London
United Kingdom
Julian Daly has been employed with Close Asset
Management Holdings Limited, a holding company for the
Close Brothers Group plc asset management division
businesses, since March 2000. Prior to his employment
with Close Asset Management Holdings Limited, Julian
Daly was Finance Director at Temenos Systems (UK)
Ltd., whose principal business is banking software.
------------------------ ------------------------
CUSIP No. 55267Q 104 13D Page 28 of 33 Pages
------------------------ ------------------------
Jonathan Sieff* Investment Banker, Close Brothers Group plc UK
10 Crown Place
London EC2A 4FT
United Kingdom
+44 2076-553-100
Gerrard Limited
Old Mutual Place
2 Lambeth Hill
London EC4V 4GG
United Kingdom
Gerrard Private Bank (IOM) Limited St. Mary's Court 20
Hill Street, Douglas Isle of Man, IM1 1EU United
Kingdom Old Mutual plc 5th Floor, Old Mutual Place 2
Lambeth Hill London, EC4V 4GG United Kingdom. Jonathan
Sieff has been employed by the Close Brothers Group
plc, an investment bank, since June 2003. Prior to his
employment with the Close Brothers Group plc, Jonathon
Sieff was Executive Director at Gerrard Limited from
January 2002 and simultaneously (joint) CEO of Gerrard
Private Bank from May 2001. From July 1999 through
April 2001, Jonathon Sieff was a member of the
Corporate Development division at Old Mutual plc.
Sarah Hale* Company Secretary, Close Brothers Private Equity UK
10 Throgmorton Avenue
London EC2N 2DL
United Kingdom
+44 (0) 20 7065 1115
Sarah Hale has been Company Secretary for Close
Brothers Private Equity for the past five years.
------------------------ ------------------------
CUSIP No. 55267Q 104 13D Page 29 of 33 Pages
------------------------ ------------------------
EXECUTIVE OFFICERS AND DIRECTORS OF NAVALMAR TRANSPORTES MARITIMOS LDA
The name of each director and executive officer of Navalmar Transportes
Maritimos LDA is set forth below. Directors of Navalmar Transportes Maritimos
LDA are indicated by an asterisk.
Name Present Principal Occupation or Employment Citizenship
Business Address, and Business Telephone
Number; Other Material Positions Held during
the Past Five Years:
--------------- -------------------------------------------- ------------------------
Enrico Bogazzi* Director, CO.FI.PA SpA Italy
Director, Vittorio Bogazzi & Figli SpA
Via Cadorna 49/A
54036 Marina de Carrara
Italy
+390 585-631-665
Enrico Bogazzi has been employed with B Navi SpA
(ship management company) and Vittorio Bogazzi &
Figli SpA (ship agency company) for the past five
years.
Michael Lloyd Solicitor Michael Lloyd and Co. UK
Third Floor, Millennium Bridge House
3 Lambeth Hill
London EC4V 4AJ
+44 0207-920-9666
Michael Lloyd has been the sole practitioner
at Michael Lloyd and Co. since 2002. Before
such time, he was a solicitor at Lloyd and
Co.
Giorgio Boesgaard* Director, Hugo Trumpy SpA Denmark
10 via San Siro
16124 Genova
Italy
+390 10-24941
Giorgio Boesgaard has been employed by Hugo Trumpy
SpA, a ship agency company, for the past five
years.
------------------------ ------------------------
CUSIP No. 55267Q 104 13D Page 30 of 33 Pages
------------------------ ------------------------
Andrea Colombo* Director, Navalmar Transportes Maritimos LDA Italy
Rua Dos Murcas 15
Sala G, 2nd Andar
9000 Funchal (Madeira) Portugal
+3 51 291 238565
Andrea Colombo has been employed by Navalmar
Transportes Maritimos LDA from November 1997 and
by Navalmar (UK) Limited since 2001.
Maria Dina Rodrigues* Director Navalmar Transportes Maritimos LDA Portugal
Rua Dos Murcas 15
Sala G, 2nd Andar
9000 Funchal (Madeira) Portugal
+3 51 291 238565
Maria Dina Rodrigues was secretary of Navalmar
Transportes Maritimos LDA from November 2004 to
June 2005, when she became a director of the
company. Prior to that, she worked from October
2003 to November 2004 as secretary for Empresa de
Trabalho Temporario SA, a temporary employment
company. From February 2002 to September 2003 she
worked in the commercial offices of Icams -
Servicos de Consultadoria Internacional, Comercial
e Contabilidade, Lda, an international commercial
consulting and accounting company, and from
December 1999 through February 2002 she was a
secretary with Florence Tricot -Trading e Marketing
Lda, a trading and marketing company.
EXECUTIVE OFFICERS AND DIRECTORS OF CO.FI.PA SpA
The name of each director and executive officer of CO .FI .PA SpA is
set forth below. Directors of CO .FI .PA SpA are indicated by an asterisk.
Name Present Principal Occupation or Employment Citizenship
Business Address, and Business Telephone
Number; Other Material Positions Held during
the Past Five Years:
--------------- -------------------------------------------- ------------------------
Enrico Bogazzi* Director, B Navi SpA Italy
Director, Vittorio Bogazzi & Figli SpA
Via Cadorna 49/A
54036 Marina de Carrara
Italy
+390 585-631-665
Enrico Bogazzi has been employed with B Navi SpA (ship
management company) and Vittorio Bogazzi & Figli SpA
(ship agency company) for the past five years.
------------------------ ------------------------
CUSIP No. 55267Q 104 13D Page 31 of 33 Pages
------------------------ ------------------------
Maria Piccioli* Piazza della Chiesa nr. 2 Italy
Massarosa
Italy
Maria Piccioli is a housewife and has had no other
employment for the past five years.
Francesca Bogazzi* 2 Rue N.D. des Victoires Italy
75002 Paris
France
Francesca Bogazzi is a housewife and has had no other
employment for the past five years.
------------------------ ------------------------
CUSIP No. 55267Q 104 13D Page 32 of 33 Pages
------------------------ ------------------------
Exhibit 1
In accordance with Rule 13d-1(k) under the Securities Exchange Act of
1934, as amended, each of the persons named below agrees to the joint filing of
Statement on Schedule 13D (including amendments thereto) with respect to the
Common Shares, par value US$0.01, of the MC Shipping Inc., a Liberian
corporation, and further agrees that this Joint Filing Agreement be included as
an exhibit to such filings provided that, as contemplated by Section
13d-1(k)(ii), no person shall be responsible for the completeness or accuracy of
the information concerning the other persons making the filing, unless such
person knows or has reason to believe that such information is inaccurate. This
Joint Filing Agreement may be executed in any number of counterparts, all of
which together shall constitute one and the same instrument.
Dated: July 28, 2006 V. Investments Limited
/s/ Roberto Giorgi
-----------------------------
By: Roberto Giorgi
Title: Authorized Signatory
V. Ships Inc.
/s/ Roberto Giorgi
------------------------------
By: Roberto Giorgi
Title: Authorized Signatory
V. Ships Group Ltd.
/s/ Roberto Giorgi
------------------------------
By: Roberto Giorgi
Title: Authorized Signatory
V. Holdings Limited
/s/ Patrick Rosselet
------------------------------
By: Patrick Rosselet
Title: Authorized Signatory
------------------------ ------------------------
CUSIP No. 55267Q 104 13D Page 33 of 33 Pages
------------------------ ------------------------
Greysea Limited
/s/ Roberto Giorgi
------------------------------
By: Roberto Giorgi
Title: Authorized Signatory
Close Securities Limited
/s/ Sarah Hale
------------------------------
By: Sarah Hale
Title: Authorized Signatory
Close Investment Partners Limited
/s/ Sarah Hale
------------------------------
By: Sarah Hale
Title: Authorized Signatory
Navalmar Transportes Maritimos LDA
/s/ Andrea Colombo
------------------------------
By: Andrea Colombo
Title: Authorized Signatory
CO. FI. PA SpA
/s/ Enrico Bogazzi
------------------------------
By: Enrico Bogazzi
Title: Authorized Signatory
Enrico Bogazzi
/s/ Enrico Bogazzi
------------------------------
By: Enrico Bogazzi