As filed with the Securities and Exchange Commission on September 12, 2007 Registration No. 333-132687 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ----------- POST-EFFECTIVE AMENDMENT TO FORM S-8 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 MC SHIPPING INC. ------------------------------ (Exact Name of Registrant as Specified in Its Charter) LIBERIA 98-0101881 (State or Other Jurisdiction of Incorporation (I.R.S. Employer or Organization) Identification Number) RICHMOND HOUSE, 12 PAR-LA-VILLE ROAD, HAMILTON HM CX, BERMUDA (441) 295-7933 (Address, Including Zip Code, and Telephone Number, Including Area Code,) of Registrant's Principal Executive Offices) MC SHIPPING INC. 2001 STOCK OPTION PLAN (Full title of Plan) --------------------------- ROBERT CALLAHAN 240 EAST 86TH STREET, APT. 23G NEW YORK, NY 10028 (Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent For Service) COPIES TO: Alexander Gorchakov Chief Financial Officer and Corporate Secretary MC Shipping Inc. c/o MC Shipping S.A.M. Gildo Pastor Center 7, rue du Gabian MC 98000 Monaco (377) 97 97 49 93 EXPLANATORY STATEMENT: DEREGISTRATION OF SECURITIES The Registration Statement on Form S-8 (Registration No. 333-132687) (the "Registration Statement") of MC Shipping Inc. (the "Company") pertaining to the registration of certain shares of the Company's common stock, par value $0.01 per share ("Common Stock"), issuable to eligible employees of the Company under the Company's 2001 Stock Option Plan, to which this Post-Effective Amendment relates, was filed with the Securities and Exchange Commission on March 24, 2006. On September 12, 2007 (the "Effective Date"), the Company consummated the transactions contemplated by an Agreement and Plan of Merger (the "Merger") dated July 30, 2007 by and among Mast Acquisition Ltd., Mast Merger Sub Corp. and the Company. As a result of the Merger, the Company has terminated all offerings of Common Stock pursuant to the Registration Statement. Accordingly, pursuant to Rule 478 under the Securities Act of 1933, as amended (the "Act"), and pursuant to the Company's undertaking contained in paragraph (1)(c) of item 9 of the Registration Statement, this Post-Effective Amendment to the Registration Statement is filed to deregister all shares of Common Stock previously registered that remain available for future grant as of the date hereof under the Company's 2001 Stock Option Plan. SIGNATURES Pursuant to the requirements of the Act, the Company certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8, and has duly caused this Post-Effective Amendment to the Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in London, United Kingdom, on the 12th day of September, 2007. MC SHIPPING, INC. By: /s/ Antony S. Crawford ------------------------------------ Name: Antony S. Crawford Title: President and Chief Executive Officer