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MC Shipping expands LPG carrier fleet.

Europe Intelligence Wire

| March 01, 2006 | COPYRIGHT 2006 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Lloyds List)

AN UPBEAT MC Shipping is expanding the company's fleet of liquefied petroleum gas carriers and has renewed charters on two vessels at substantially improved rates, writes Tony Gray.

ASE-listed MC Shipping has agreed to acquire two 5,600 cu m vessels from Germany's Bernhard Schulte.

The 1980-1981 built Hermann Schulte and Dorothea Schulte are semi-refrigerated vessels and expected to be delivered before the end of March.

They are being time chartered back to Schulte for a minimum of one year.

MC Shipping chief executive Tony Crawford said the deal would add to ...

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