IHB is a holding company managing a portfolio of companies. Depending on the share and the possibility for IHB to influence their management, these companies are classified as follows: subsidiaries (s) - companies controlled by IHB, as well as their own subsidiaries (ss).
The company’s scope of activity is: commercial shipping and related production, technical, forwarding and intermediary activities, ship brokerage and ship agency, and others.
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The company was founded in 1998. Since June 2000, Privat Engineering EAD has been providing insurance and reinsurance intermediation. Pursuant to Licence No. 75 of 30 May 2000, the company has the right to operate as an insurance broker. Currently, through its subsidiaries, it owns two 21,000-ton ships, with unlimited navigation area, with the right to transport bulk cargos. In December 2007, Privat Engineering invested in shares of IHB Shipping Co. EAD, Varna (ss), with the following subject of activity: commercial shipping and related production, technical, forwarding and intermediary activities, ship brokerage and ship agency, and others. It manages the ships owned by the companies of the IHB Group. Privat Engineering EAD owns 100% of the capital of the following subsidiaries: Karvuna Ltd, Tirista Ltd, and IHB Shipping Co. EAD.
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The company was incorporated in 2001 with basic scope of activity including commercial and production activities, purchase and production of goods for resale/sale, representation and agency, foreign economic activities, marketing, investment and design activities as well as any other activity not prohibited by law. KLVK AD holds 100% of the capitals of its subsidiaries Odriya Ltd and Serdika Ltd. Through its subsidiaries KLVK AD owns 2 ships: 57,000 DWT for the carriage of bulk cargo with unlimited navigation area, built under license from IHI MU Japan. KLVK AD holds 97.96% of the capital of Bulport Logistics AD, and together with International Industrial Holding Bulgaria AG, KLVK AD controls 100% of Bulport Logistics AD.
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