Port Flot Burgas
Port Flot Burgas is a Bulgarian publicly listed port towage services company operating at Burgas port, providing deep sea, coastal, and harbour towage to shipping companies and vessels at Bulgarian Black Sea ports.
- Company typePrivate
- Founded-
- HeadquartersBurgas, Bulgaria
- Headcount—
- GTM typeB2B
- OfferingServices
What Port Flot Burgas does
Port Flot Burgas is a Bulgarian port towage services company operating at the port of Burgas on the Black Sea coast. The company provides deep sea, coastal, and harbour towage services to shipping companies and vessels requiring maneuvering assistance and navigation support in Bulgarian port waters. It is publicly listed on the Bulgarian Stock Exchange (BSE) under the ticker PFB.
The company generates revenue entirely through service-based port towage operations under a per-call or contracted-services model, with no disclosed alternative revenue streams. In the first half of 2026, operating revenue reached 4.94 million euro, up from 3.4 million euro in H1 2025, representing approximately 45% year-over-year growth. Standalone net profit for H1 2026 was approximately 1.1 million euro, compared to 1.23 million euro in H1 2025, indicating margin compression despite the revenue acceleration. The company's asset base grew modestly from 33.4 million euro at year-end 2025 to 34.4 million euro at end of June 2026, consistent with incremental capital investment in towage fleet or marine equipment.
Available source material does not disclose headcount, technology infrastructure, AI/ML capabilities, partnerships, leadership team composition, customer-specific contracts, or pricing mechanics. The company operates as a single-port service provider within Bulgaria with no disclosed plans for geographic expansion, new product lines, or technology development beyond traditional towage operations. Its financial reporting cadence (semi-annual disclosure) reflects obligations associated with its BSE listing.
Port Flot Burgas firmographics
Firmographics- Name
- Port Flot Burgas
- Legal name
- Port Flot-Burgas
- Website
- https://portflotburgas.com
- Company type
- Private
- Operating status
- Operating
- Short description
- Port Flot Burgas is a Bulgarian publicly listed port towage services company operating at Burgas port, providing deep sea, coastal, and harbour towage to shipping companies and vessels at Bulgarian Black Sea ports.
- Ownership category
- akta.pro rank
Port Flot Burgas industry classification
Industry- Product category
- Port and Maritime Towage Services
- NAICS
- Support Activities for Water Transportation (4883)
- SIC
- Water Transportation (4400)
- akta.pro industry
- Terminal & Shipyard Towage (Intra-Port/Facility Moves)Ship Docking/Undocking & Drydock Towage
Keywords
Where Port Flot Burgas is headquartered
LocationHeadquarters
- HQ city
- Burgas
- HQ country
- Bulgaria
- HQ region
- Europe
Markets served
Port Flot Burgas business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure
Revenue model
- Port Towage Services: Port Flot-Burgas operates as a Bulgarian port towage services company, generating revenue through maritime towage operations. Operating revenue was 4.94 million euro in H1 2026, up from 3.4 million euro in H1 2025.
Port Flot Burgas product offering
Product offeringCore offering
Port Flot Burgas is a Bulgarian towage company that provides deep sea, coastal, and harbour towage services to vessels calling at Bulgarian ports. The company's offerings consist of specialized maritime vessel assistance and maneuvering operations centered on its tugboat operations at the port of Burgas, with revenue generated through fee-based towage contracts with shipping operators.
Product overview
Port Flot Burgas is a Bulgarian port towage services company. The available source material provides limited detail on the company's product and service portfolio. The company is described as providing port towage services, with financial performance data available for H1 2026.
Differentiator
Problem solved
Functional benefit
Products and services
- Harbour Towage Tugboat assistance for vessels maneuvering within Burgas harbour, supporting berthing, unberthing, and in-port navigation. Sold to shipping companies, vessel operators, and port agents arranging services for ships calling at the port.
- Coastal Towage Towage services for vessels moving along the Bulgarian coast. Provided to commercial shipping operators requiring tug assistance between ports or along coastal routes.
- Deep Sea Towage Tug assistance for vessels in deeper waters off the Bulgarian Black Sea coast. Offered to shipping clients needing ocean-going or offshore towage support beyond port limits.
Companies that use Port Flot Burgas
Customer profileSegments1 record
Ideal customer profiles1 record
Port Flot Burgas technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Port Flot Burgas partnerships and signals
Strategic signalScale indicators3 records
Recent moves3 records
Expansion highlights3 records
Port Flot Burgas competitors and assessment
Company assessmentDirect peers
- Kotug International: Dutch-based global towage company providing harbor towage, terminal towage, and offshore vessel support. Similar business model and customer base (vessels calling at commercial ports).
- Boluda Towage: Major European and global towage operator with extensive harbor towage operations across Mediterranean, Atlantic, and Indian Ocean ports. Closely comparable offering—harbor towage services to commercial vessels.
- Rimorchiatori Mediterranei: Italian harbor towage group operating across Mediterranean ports with similar port-based tugboat services for commercial vessels. Comparable service offering and customer type.
- Multraship: Netherlands-based towage and salvage operator active in European ports, offering harbor towage, mooring, and terminal services. Closely aligned specialty and European regional focus.
Broad incumbents
- Svitzer: Global port towage leader (Maersk subsidiary) operating large tugboat fleets across major world ports. Directly comparable as the dominant towage operator with similar services, but at vastly larger global scale.
Regional players
- Fairplay Towage: European towage operator with strong presence in Spanish, German, and Polish ports providing harbor towage services. Comparable niche towage operator in neighboring European geographies.
- TSA (Towage & Salvage Adriatic): Croatian/Adriatic port towage operator providing harbor towage services across multiple Adriatic ports. Comparable regional European towage specialist in the broader Black/Mediterranean basin.
- URAG (United Waterways): German harbor towage operator active in North Sea and Baltic ports including Hamburg and Bremerhaven. Comparable harbor towage specialist operating in nearby European waters.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Port Flot Burgas financial estimates
Financial estimateRevenue estimate
Valuation estimate
Port Flot Burgas leadership team
Management profileNumber of profiles
Port Flot Burgas funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Port Flot Burgas M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Port Flot Burgas
What does Port Flot Burgas do?
Port Flot Burgas is a Bulgarian towage company that provides deep sea, coastal, and harbour towage services to vessels calling at Bulgarian ports. The company's offerings consist of specialized maritime vessel assistance and maneuvering operations centered on its tugboat operations at the port of Burgas, with revenue generated through fee-based towage contracts with shipping operators.
Is Port Flot Burgas a public or private company?
Port Flot Burgas is a private company. It is classified as public and is currently operating.
When was Port Flot Burgas founded?
Port Flot Burgas was founded in -1.
Where is Port Flot Burgas based?
Port Flot Burgas is headquartered in Burgas, Bulgaria, in the Europe region.
How does Port Flot Burgas make money?
One revenue line is on record: port Towage Services.
Who are Port Flot Burgas's main competitors?
Direct peers on record are Kotug International, Boluda Towage, Rimorchiatori Mediterranei and Multraship. Svitzer is listed as a broad incumbent. Regional players are Fairplay Towage, TSA (Towage & Salvage Adriatic) and URAG (United Waterways).
Does Port Flot Burgas have an API?
No public API is recorded for Port Flot Burgas.
What industry is Port Flot Burgas in?
Port Flot Burgas's product category is Port and Maritime Towage Services. Its primary akta.pro industry code is TLAHAHAI, Terminal & Shipyard Towage (Intra-Port/Facility Moves), with a secondary code of TLAHAHAD, Ship Docking/Undocking & Drydock Towage. Its NAICS code is 4883 and its SIC code is 4400.