MCX MC Shipping

MC Shipping Inc. (AMEX: MCX) announces that the Board of Directors declared a quarterly cash dividend of $0.0625 per share of common stock payable on July 28, 2006 to shareholders of record as of July 14, 2006. The dividend reflects our continued commitment to rewarding our valued shareholders and encouraging long-term investment in our common stock. ABOUT MC SHIPPING INC. MC Shipping Inc. is an international shipping company focused on maritime transportation of the liquefied petroleum gas (LPG), with headquarters in Monaco and an office in London. MC Shipping fully or partially owns and operates a diversified fleet of 19 vessels that serve the world's major oil, gas, shipping and trading companies.