To stop ongoing sovereign debt accumulation, the company obtained state approval to sell both the M/V Kotor and M/V Dvadesetprvi Maj . The ships were sold to the Danish maritime operator for a total sum of $13.2 million (approximately €11.3 million).
Dan 4 — Budva → Kotor (≈20–30 NM)
For maritime analysts and investors wanting to track this company: crnogorska plovidba
As the company teetered on the edge, the Ministry of Maritime Affairs, led by Minister Filip Radulović, scrambled to find a solution. The initial plan involved a business and technical cooperation agreement with Barska plovidba, another state-owned maritime company based in Bar.
The soul of Crnogorska Plovidba is its seafarers. Montenegro produces some of the world’s most respected officers, trained at the Maritime Faculty of Kotor (University of Montenegro). To stop ongoing sovereign debt accumulation, the company
Maj, or are you interested in how the Montenegrin government's compare to other state-owned enterprises? Let me know what you'd like to explore next .
Crnogorska Plovidba was incorporated to revive the country’s maritime fleet, capitalising on Montenegro's rich seafaring heritage along the Adriatic Sea. According to the official Crnogorska Plovidba platform , the baseline vision for the business was to build and manage a flexible fleet of bulk carriers ("bulkcarriers") optimized for international open-sea trading. The initial plan involved a business and technical
: By the conclusion of these recurring state bailouts, the corporate ledger showed a debt of €33.8 million to €36.2 million owed directly back to the Montenegrin Government.
The current fleet, often referred to as the "Kotor" class, includes ships named after Montenegrin coastal towns: