Please find the link below for the new article released in Issue 1 of 2010 - Shipping & Marine.

http://www.europeanoilandgas.co.uk/article-page.php?channelid=149&contentid=10523&issueid=327

MONACO -- April 7, 2008 -- MC Shipping Inc., an international shipping company focused on the transportation of liquefied petroleum gas (“LPG”) and a portfolio company of BSMB, announced that it acquired the BW Munin, an LPG vessel from BW Gas. The vessel, built in 1989, is a fully refrigerated LPG tanker with 28,000 cubic meters capacity.

NEW YORK – September 12, 2007 – Bear Stearns Merchant Banking ("BSMB"), a leading private equity firm focusing on middle-market investments, today announced that it has completed its acquisition of MC Shipping Inc. MC Shipping is an international shipping company focused on the transportation of liquefied petroleum gas (LPG). The agreement between the two firms was previously announced on July 30, 2007. Under the terms of the merger agreement, Mast Acquisition Ltd., a newlyformed affiliate of BSMB, agreed to acquire the outstanding shares of MC Shipping for a price of $14.25 per share in cash and to assume all outstanding indebtedness. MC Shipping will continue to do business under the MC Shipping banner and will continue to be based in Monaco.

NEW YORK, September 5, 2007 – MC Shipping Inc. (AMEX: MCX) announced that, at a special meeting of shareholders held today, its shareholders approved the merger agreement pursuant to which Mast Acquisition Ltd., a newly-formed affiliate of Bear Stearns Merchant Banking (“BSMB”), will acquire the outstanding shares of MC Shipping for a price of $14.25 per share in cash. Approximately 97.5% of MC Shipping’s common shares present and voting at the special meeting were voted in favor of the proposed merger, representing approximately 75.12% of the total number of common shares entitled to vote at the special meeting. In accordance with the terms of the merger agreement, MC Shipping expects to complete the merger within five business days, subject to satisfaction of the conditions to closing set forth in the merger agreement.