Crnogorska Plovidba, the state-owned shipping company based in Kotor, is currently navigating a severe financial crisis. Recent reports indicate the company has sold its entire fleet of two bulk carriers, the Kotor and 21. maj, for roughly €11.2 million—a price significantly lower than their estimated market value of over €30 million. This fire sale was intended to settle urgent debts, yet the company remains burdened by an estimated €26 million in remaining liabilities. Recent Strategic & Financial Developments
for Crnogorska Plovidba, which regulates wages, social rights, and living conditions on board. : The company has participated in the TEMPUS project crnogorska plovidba
🔄 The Strategic Pivot In recent years, the narrative has shifted toward modernization and restructuring. The focus has been on: Montenegro Stock Exchange (MNSE) – for trading data
However, the story of Crnogorska Plovidba during this decade is one of ingenious survival. The company was forced to adapt to the "Shadow Fleet" economy. While international shipping was restricted, the company pivoted to focusing on the Adriatic cabotage and the risky, yet profitable, trade of breaking the sanctions via small-scale operations. It was a dark era, but it proved that the company’s roots were too deep to be uprooted. ISO certified – maintains quality
Dan 7 — Herceg Novi → Bar (duža etapa ili povratak preko Tivat/Pržno)
For maritime analysts and investors wanting to track this company: