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NAVIBULGAR RESHUFFLES SENIOR MANAGEMENT

NAVIBULGAR RESHUFFLES SENIOR MANAGEMENT

   Navibulgar, the state-owned Bulgarian shipping line, has set up a new board of directors and appointed Captain Gueno Guenova as its new director general.

   Navibulgar said that the moves reflect similar changes at all Bulgarian state-owned companies following the election of a new national government earlier this year.

   Slavenko Staikov has been appointed chairman of the board, with Stilian Stoianov as vice chairman.

   Navibulgar owns and operates more than 100 ships totaling 1.8 million deadweight tons, including bulk carriers, breakbulk    and container ships, ferries, tankers and chemical carriers.