Mr. Abraham Ungar was born on 12.10.1946. In 1971 he graduated from the Faculty of Law, Tel Aviv University. In 1972 he founded the Ungar Holdings LTD – a leading company in the construction industry of Israel, involved in the development of residential homes, office buidings and aviation chartering.

Mr. Ungar is the founder and owner of Ray Shipping LTD. At present the company owns 54 car carriers plus 6 under construction in Korea and Japan and 11 bulkers. More than 1000 Bulgarian officers – masters and engineers 80% of which Nikola Y. Vaptsarov Naval Academy graduates have been currently employed at Ray Shipping.

Mr. Ungar has enormous personal contribution to the development of maritime education in Bulgaria. For more than 20 years his company has been providing support in organizing training at sea, employing our graduates and improving the training facilities of the Naval Academy. In 2007 Ray Shipping equipped a new seaworthiness learning room. In 2012 the Department of Navigation at the Naval Academy received a simulator system for work with electronic cards. In 2013 financial support was provided to the department of Electrical Engineering to build a modern laboratory for ship propellers.

Mr. Abraham Ungar received the Doctor Honoris Causa honorary title of Nikola Y. Vaptsarov Naval Academy on 29.04.2014.