All vessels are managed in compliance with international standards (ISM Code, IMO regulations). They typically sail under for operational flexibility.
State-owned Crnogorska Plovidba A.D. Kotor faces insolvency after the Montenegrin government approved the sale of its two primary vessels, "Kotor" and "21. maj," to Denmark's Navision Group for $13.25 million. Critics argue the ships were sold below market value amid a severe financial crisis, marking the likely end of the company's operational life as a shipowner. Read the full analysis at Vijesti or Vijesti .
was a state-controlled Montenegrin shipping company established to revive the country’s historic maritime identity on the global stage. Founded and owned 99.97% by the Government of Montenegro , the company operated out of the historic bay city of Kotor. Its primary core business was the international transport of bulk cargo like grain, timber, and ore.
Providing critical jobs and career pathways for Montenegrin seafarers.
[Government of Montenegro: 99.97%] [Employment Agency: 0.03%] │ │ └─────────────────┬────────────────┘ ▼ [Crnogorska Plovidba A.D.] The Historical Core Fleet
One night, as the cut through a heavy swell in the Indian Ocean, Captain Marko looked out at the horizon. He thought of the maritime tradition of Kotor—the city of sailors and merchants that had survived empires. Whether the flag of Crnogorska Plovidba would continue to fly on its own or under a new arrangement, the spirit of the Montenegrin sailor remained the same: resilient, steady, and always finding a way back to the bay. Is bankruptcy preparing for Crnogorska plovidba? - Vijesti
: Compounding the long-term debt, an overdraft of €400,000 to Prva Banka matured in January 2025. The Ministry of Maritime Affairs openly declared the company illiquid, heavily over-indebted, and on the precipice of bankruptcy. 4. The Savannah Detention Crisis
They do not operate container or passenger services – strictly dry bulk.
All vessels are managed in compliance with international standards (ISM Code, IMO regulations). They typically sail under for operational flexibility.
State-owned Crnogorska Plovidba A.D. Kotor faces insolvency after the Montenegrin government approved the sale of its two primary vessels, "Kotor" and "21. maj," to Denmark's Navision Group for $13.25 million. Critics argue the ships were sold below market value amid a severe financial crisis, marking the likely end of the company's operational life as a shipowner. Read the full analysis at Vijesti or Vijesti .
was a state-controlled Montenegrin shipping company established to revive the country’s historic maritime identity on the global stage. Founded and owned 99.97% by the Government of Montenegro , the company operated out of the historic bay city of Kotor. Its primary core business was the international transport of bulk cargo like grain, timber, and ore. crnogorska plovidba
Providing critical jobs and career pathways for Montenegrin seafarers.
[Government of Montenegro: 99.97%] [Employment Agency: 0.03%] │ │ └─────────────────┬────────────────┘ ▼ [Crnogorska Plovidba A.D.] The Historical Core Fleet All vessels are managed in compliance with international
One night, as the cut through a heavy swell in the Indian Ocean, Captain Marko looked out at the horizon. He thought of the maritime tradition of Kotor—the city of sailors and merchants that had survived empires. Whether the flag of Crnogorska Plovidba would continue to fly on its own or under a new arrangement, the spirit of the Montenegrin sailor remained the same: resilient, steady, and always finding a way back to the bay. Is bankruptcy preparing for Crnogorska plovidba? - Vijesti
: Compounding the long-term debt, an overdraft of €400,000 to Prva Banka matured in January 2025. The Ministry of Maritime Affairs openly declared the company illiquid, heavily over-indebted, and on the precipice of bankruptcy. 4. The Savannah Detention Crisis Read the full analysis at Vijesti or Vijesti
They do not operate container or passenger services – strictly dry bulk.
Need help? Please contact +65 9002 3848