MC Shipping Company Description
MC Shipping knows the rap when it comes to ocean freight transportation. The company's fleet of more than 20 vessels consists mainly of LPG (liquefied petroleum gas) carriers; it also includes containerships. MC Shipping leases its vessels on time charters, bareboat charters (in which the lessee provides its own crew), and spot charters. Day-to-day operation of the company's fleet is overseen by independent ship-management companies. MC Shipping is owned by private equity firm Bear Stearns Merchant Banking, which paid $284 million for the company in 2007.
View the Comprehensive Company Description for MC Shipping
The Company Description provides a historical perspective of MC Shipping's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of MC Shipping's evolution in the marketplace.
