Loeb buys 5.38% stake in MC Shipping

By Lisa Kerner

Charlotte, N.C., Aug. 29 - MC Shipping Inc. investors led by Loeb Partners Corp. bought 511,900 shares of the company's stock between July 30 and Aug. 22, priced from $13.91 to $14.16 each.

With these initial investments, the reporting persons own 511,900 shares, or 5.38%, of MC Shipping's outstanding stock, according to a schedule 13D filing with the Securities and Exchange Commission.

MC Shipping is a Monaco-based owner and operator of a fleet of liquefied petroleum gas and container vessels.

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