Crnogorska Plovidba plays a significant role in the maritime education ecosystem of Montenegro. Crnogorska Plovidba A.D. Kotor
The company’s financial difficulties began almost immediately after the purchase of the fleet. The loan from the Chinese bank placed a heavy repayment burden on a state-owned company that was highly sensitive to the volatility of global shipping freight rates. As early as August 2014, the company reported a profit of only 147,000 euros, which was half of what it had earned in the previous period, with operating income falling by 42%.
Vodič ne bi bio potpun bez pominjanja tamne strane:
: Built and delivered in 2012 to honor Montenegro’s Independence Day.
Ovo je dubinski vodič kroz (Crnogorska plovidba AD Kotor), jednu od najstarijih i najznačajnijih pomorskih kompanija na istočnoj obali Jadrana. Vodič pokriva historiju, flotu, strateški značaj, trenutno stanje i budućnost ove kompanije. crnogorska plovidba
Operating in the volatile maritime market brings challenges. Fluctuations in freight rates, rising operating costs, and the need for capital-intensive vessel maintenance are constant concerns. According to reports, the company has worked on navigating these challenges through careful management and potential collaborations, such as advanced payments and operational restructuring designed to secure its financial future.
The company also faced secondary legal and operational expenses, including an additional for vessel repairs demanded during the transfer period. Current Status
A: No. It is a dry bulk cargo carrier. For passenger ferries, you would look at Barska Plovidba or Kotor Lines.
: Each ship has a gross tonnage of approximately 22,456 and a length of 179.9 meters. Crnogorska Plovidba plays a significant role in the
Following the Savannah incident, Minister of Maritime Affairs Filip Radulović announced that all legal mechanisms to pour state funds into the company had been completely exhausted under EU state-aid laws. The government faced two options: liquidate the company or orchestrate an immediate emergency asset sale to prevent foreign ports from seizing the ships at auction.
This article is part of a series on leading enterprises of the Western Balkans. Last updated: October 2024.
contracts. Recent reports indicate the "Dvadesetprvi Maj" was chartered to the company "Oldendorf" for a period of six to nine months. Legal & Finance
To regenerate national revenues through international freight shipping. The loan from the Chinese bank placed a
The core of Crnogorska Plovidba’s commercial strategy rested on two identical "Handysize" bulk carriers commissioned from Chinese shipbuilders. These flexible cargo vessels were designed to carry bulk commodities like grain, coal, and ore globally. Vessel Name Built Year Tonnage (DWT) Primary Deployment Shanghai Shipyard Co. Ltd. International Long-term Time Charter MV Dvadesetprvi Maj Shanghai Shipyard Co. Ltd. International Long-term Time Charter
Founded by the Government of Montenegro (which held a ), Crnogorska Plovidba was established with the strategic intent of reviving the nation's historical maritime presence on the global open market. Headquartered in the UNESCO-protected coastal city of Kotor, the company aimed to manage a robust fleet of bulk carriers.
: The fleet currently features two main "Handy" type bulk carriers: : Built in 2012 at Shanghai Shipyard; 35,000 DWT. MV 21. Maj
The physical operations of the company relied on two sister ships built in 2012 by the Shanghai Shipyard. These bulk carriers were operated on long-term time charter agreements to ensure predictable income streams: