The board chairman of the Ukrainian Danube Shipping Company (Izmail, Odessa region), Oleksandr Dolhov, has been relieved of his post, the Interfax Ukraine news agency reports.

According to information that the shipping company provided to the National Commission on Securities and the Stock Market’s information disclosure system, the relevant decision was approved by the Ministry of Infrastructure’s order No. 188-O of June 3, 2014.

Dolhov became the head of the shipping company in late 2011.

Ukrainian Danube Shipping Company was founded in 1944. It is one of the largest shipping companies in Ukraine. According to its own estimates, it accounts for about 25% of the transport volume on River Danube - from the estuary of the river to the port of Kelheim (Germany). The company's fleet consists of several hundred self-propelled and non-self-propelled river vessels, as well as seagoing vessels with deadweight tons of 3,000-5,000 (six bulk carriers and one oil tanker). The company also owns six passenger vessels.

The company reduced its net loss by 23% to UAH 46.852 million in 2013, compared with 2012.