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Capt. Hristo Donev

Master Mariner with 17 year experience at sea 16 of them in Navigation Maritime Bulgare (the biggest state shipowner in Bulgaria) and 1 year for Zodiac Shipping. 1994 Established own ship-owning and ship management company BM Shipping and BSM Shipping Ltd. The last 8 years was elected as CEO of Navigation Maritime Bulgare and the Bulgarian Shipbuilding Yard. He was responsible for the management of 5500 personnel and a fleet of over 120 multipurpose, container and handy size vessels. He was the manager who worked for the privatization of the company, developed and implemented the new management structure and the total restructuring and renewal of the company and fleet meeting the new private environment requirements. Under his management were built 6 vessels size 20 – 42 000 DWT and the company became economically and financially flourishing. His management style led the company to leading positions in the Black Sea region, regained its good name and a reputation as a trustworthy partner. His extensive experience in the Top Management of a company like Navigation Maritime Bulgare is a guarantee for professionalism and high quality.


Mrs. Ralitsa Christova

Holds a University Degree in International Economic Relations at the University of Economics in Varna, Certificate of Management by New Bulgarian University and Diploma in Corporate Management by Open University London. 1998 together with Capt. Donev established and run BSM Shipping Ltd – a ship management company. After the privatization of Navigation Maritime Bulgare, the biggest ship-owner in Bulgaria, was asked to join their Management team as Management Coordinator.

She was responsible for the entire performance and coordination of the activities of all five fleets of the company. Amongst her primary responsibilities was the implementation of the new management structure. She created a working structure, appointing the right people to the right positions, preparing the whole documental instructions set for all departments, coordinated with the Top Management the daily work of the fleets, reported directly to the Top Management and implemented their decisions in the departments below. She was monitoring the financial results of all the fleets.

Mrs. Hristova designed the corporate identity of Navigation Maritime Bulgare including but not limited to implementing a new corporate image and new corporate moral and the publishing and edition of the official newspaper of the company.


Alexander Christov

Master’s Degree in Ships Navigation. 5-year experience at sea as navigation officer on Navibulgar ships. Worked as a chartering broker, ship agent, operations manager.

Since 2008 worked for Navigation Maritime Bulgare as a Fleet Manager. He was responsible for the entire performance of a bulkcarriers fleet of 13 handymax size vessels as well as the management of the entire personnel in the fleet. Each of the fleets is a separate business unit and the job of the Fleet Manager could be described as being the Managing Director of a small ship owning company managing, monitoring and running the overall business activities of the company.

He has profound knowledge and extensive experience in the sphere of ship-management, ISM/ISPS management, inspections, audits and repair-works, claims handling and supplies of all kinds. He is competent at negotiations. Very well acquainted with the different types of charter-parties. He works well with budgets and financial analysis.


Plamen Dimitrov

Master’s degree in Ships Navigation and Law. Chief Officer with 3-year experience at sea in Navibulgar and Zodiac. 10 years shipping experience in BSM Shipping as Superintendent, Operator, Broker and DPA. Last 3 years worked for Navigation Maritime Bulgare as Fleet Manager. He was responsible for the entire performance of a bulkcarriers fleet of 13 handymax size vessels as well as the management of the entire personnel in the fleet. Each of the fleets is a separate business unit and the job of the Fleet Manager could be described as being the Managing Director of a small ship owning company managing, monitoring and running the overall business activities of the company.

He has profound knowledge and extensive experience in the sphere of ship-management, ISM/ISPS management, inspections, audits and repair-works, claims handling and supplies of all kinds. He is competent at negotiations and works well with budgets and financial analysis.