SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G/A
(AMENDMENT NO. 2 - EXIT FILING)
INFORMATION STATEMENT PURSUANT TO RULES 13D-1 AND 13D-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
MC SHIPPING INC.
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(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE PER SHARE
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(Title of Class of Securities)
55267Q 104
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(CUSIP Number)
JULY 30, 2007
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(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] RULE 13d-1(b)
[X] RULE 13d-1(c)
[ ] RULE 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
CUSIP No. 55267Q 104 Page 2 of 8 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
Weco-Rederi Holding A/S
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
###-##-####
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_] Reporting person is affiliated with other persons.
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Denmark
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES -0-
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY -0-
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING -0-
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH -0-
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON* (See Instructions)
CO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 55267Q 104 Page 3 of 8 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
Johan Ernst Wedell-Wedellsborg
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_] Reporting person is affiliated with other persons.
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Denmark
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 909
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY -0-
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 909
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH -0-
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
909
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than 1.00%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON* (See Instructions)
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No55267Q 104 Page 4 of 8 Pages
Item 1(a). Name of Issuer:
MC Shipping Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
12 Par-la-ville Road
Hamilton HM CX, Bermuda
Item 2(a). Name of Persons Filing:
(i) Weco-Rederi Holding A/S
(ii) Johan Ernst Wedell-Wedellsborg
Item 2(b). Address of Principal Business Office:
(i) Weco-Rederi Holding A/S:
Rungsted Strandvej 113
DK-2960
Rungsted Kyst, Denmark
(ii) Johan Ernst Wedell-Wedellsborg:
c/o Weco-Rederi Holding A/S
Rungsted Strandvej 113
DK-2960
Rungsted Kyst, Denmark
Item 2(c). Citizenship:
(i) Weco-Rederi Holding A/S: Denmark
(ii) Johan Ernst Wedell-Wedellsborg : Denmark
Item 2(d). Title of Class of Securities:
Common Stock, par value $0.01 per share
Item 2(e). CUSIP Number:
55267Q 104
CUSIP No55267Q 104 Page 5 of 8 Pages
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
identify the status of the person filing.
Not applicable.
Item 4. Ownership.
I. Weco-Rederi Holding A/S:
(a) Amount Beneficially Owned: -0-
(b) Percentage of Class: -0-
(c) Number of shares as to which such person has:
(i) sole power to vote or to
direct the vote -0-
(ii) shared power to vote or to
direct the vote -0-
(iii) sole power to dispose or to
direct the disposition of -0-
(iv) shared power to dispose or to
direct the disposition of -0-
II. Johan Ernst Wedell-Wedellsborg:
(a) Aggregate Number: 909
(b) Percentage of Class: less than 1.00%
(c) Number of shares as to which such person has:
(i) sole power to vote or to
direct the vote 909
(ii) shared power to vote or to
direct the vote -0-
(iii) sole power to dispose or to
direct the disposition of 909
(iv) shared power to dispose or to
direct the disposition of -0-
Item 5. Ownership of Five Percent or Less of a Class.
CUSIP No55267Q 104 Page 6 of 8 Pages
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following [X].
Item 6. Ownership of More than Five Percent on Behalf of Another
Person.
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
The reporting persons are a group for purposes of filing this
Statement. See Exhibit 1 attached hereto.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired
and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection
or as a participant in any transaction having that purpose or
effect.
SIGNATURE
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.
July 30, 2007 /s/ Johan Ernst Wedell-Wedellsborg
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Johan Ernst Wedell-Wedellsborg
WECO-REDERI HOLDING A/S
July 30, 2007
By: /s/ Johan Ernst Wedell-Wedellsborg
-----------------------------------------
Name: Johan Ernst Wedell-Wedellsborg
Title: Chief Executive Officer
EXHIBIT INDEX
Exhibit No. Description
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1 List of Group Members
2 Joint Filing Agreement, dated as of July 30, 2007 by and
between Weco-Rederi Holding A/S and Johan Ernst
Wedell-Wedellsborg