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Report: Bulgaria plans fleet privatization

Report: Bulgaria plans fleet privatization

Reuters and the newspaper Sofia Echo report today that Bulgaria is inviting bids to purchase 70 percent of shipping line Navigation Maritime Bulgare (Navibulgar) which operates container services under the name Bulcon.

   Sofia Echo said the country’s parliament has already approved the privatization strategy.

   The company’s Web site said Navibulgar is a successor to a shipping company established in 1892, and has a fleet of    77 cargo vessels and five auxiliary vessels, most of which are bulk carriers.