MCX MC Shipping

MC Shipping Inc. (Amex:MCX) announces a cash dividend on the below listed stock of the Company in 2005 as following: -0- *T Title of Class of Stock: Common Distribution per Share: 6.25 cents for every share owned, rounded up to the nearest cent. Dividend Payable to Shareholders of Record at the close of business on: July 14, 2005 Distribution Date: July 28, 2005 *T