Ship management


We are a team of highly experienced and educated managers with extensive experience in the sphere of ship management. We all have many years of working for the biggest ship owner in Bulgaria – Navigation Martime Bulgare, starting from our President who was the CEO of Navibulgar for 8 year, and our partners who were respectively the Management coordinator and two of the Fleet Managers.

Our team members are fluent in English, which is a factor for excellent communication skills.

We have the core structure and in a very short time can expand and merge in order to take in a much bigger capacity.

Amongst our key expertises are:

  • Profound knowledge and extensive experience in the sphere of ship-management, ISM/ISPS management and audits, inspections, and repair-works, claims handling and supplies of all kinds;
  • А ready ISM/ISPS system which could be immediately implemented;
  • Experience as DPA and CSO;
  • Monitor the trade performance and financial results of each vessel and the fleet as a whole. Proposing corrective measures for their improvement;
  • Negotiate voyage and period charter-parties;
  • Prepare budgets, monitor the daily running costs of the vessels and the financial accounts of the whole fleet;
  • Report to ship-owners. Prepare financial reports for the performance of the vessels managed;
  • Select and approving the crews on board of the ships. Monitor and evaluating their performance;
  • Ascertain with flag administration and classification society all ships certificates are in order.


Anything a ship needs, while in port, is coordinated through us. Ships come and go 24 hours a day and an agent works with all stakeholders involved to ensure they remain on schedule.

Our team is well trained to deal with the essential and time-consuming paperwork. With close attention to the details, we make it fast and easy for you and your vessels.

Smoothly and efficiently, we take care of all the regular routine tasks. We ensure that essential supplies, crew changes, custom formalities, waste declarations are all arranged without delay. We provide you with updates and reports enabling you to keep track of the daily operations of your vessel.

In a global market place we believe that technology is NO substitute for people with knowledge, skills and experience.

We believe in the importance of operating as an independent agent, responding quickly to your needs with prompt and effective solutions. With us you deal with a single, highly specialized company which is able to provide the necessary answers to all your particular requirements.

9000 VARNA, Bulgaria
7, Radko Dimitriev Str., office 4


We commenced in 1994 as BM Shipping Ltd., being a part of a big Holding Group, named Balkan Machinery Holding. The company owned and fully managed 3 ships for a period of 4 years.

1998 the ship-management company BSM Shipping Ltd was established in Varna. BSM is a direct successor of BM Shipping.

BSM Shipping expanded its activities to full management of the fleet of Balkan Machinery Holding Sofia and Alpha Chartering USA. Among company responsibilities were the operational, financial, technical and crew management, offering flexibility and excellent performance through its well-trained, experienced and motivated personnel.

BSM has a profound experience in purchase/selling of ships and carries out pre-selling surveys.

The company arranged the purchase of m/v Balkanstar 4, m/v Balkan Future (ex Wira Zamrud), m/v Balkan Trader and fully managed the vessels, participated in the sale: of m/v Balkan Star 1 and in the purchase of m/v Swan, m/v Iskatel, m/v Fugro Navigator.

BSM is an authorized St.Vincent & the Grenadines Flag State Surveyor /



Lorem ipsum dolor sit amet enim. Etiam ullamcorper. Suspendisse a pellentesque dui, non felis. Maecenas malesuada elit lectus felis, malesuada ultricies. Curabitur et ligula. Ut molestie a, ultricies porta urna. Vestibulum commodo volutpat a, convallis.


39m² 2 TOILETS




9000 VARNA, Bulgaria
7, Radko Dimitriev Str., office 4

+359 52 606 861

+359 52 602 286

+359 52 606 860

Follow us