Crnogorska Plovidba Jun 2026

: Delivered on January 12, 2012, from the Shanghai Shipyard Co. Ltd.

Established in the 1950s, Crnogorska Plovidba was the pride of Montenegrin industry. For decades, its fleet of bulk carriers and general cargo ships connected the small Balkan nation to ports across the Mediterranean, Europe, and beyond. It wasn't just a company; it was a training ground for generations of elite Montenegrin seafarers.

For maritime analysts and investors wanting to track this company: crnogorska plovidba

Press release from the 76th Cabinet session - Vlada Crne Gore

: Upgrading existing propulsion and fuel management systems to comply with stricter IMO regulations on carbon intensity indices (CII). : Delivered on January 12, 2012, from the

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

: Before the sale, the MV Kotor faced high-profile technical breakdowns and was even blocked in the U.S. port of Savannah due to unpaid debts. 3. Why It Matters: The "Blue Economy" Struggle For decades, its fleet of bulk carriers and

This decision, however, was immediately met with accusations of a deliberate "programmed shutdown." A leaked government document, entitled "Programmed Shutdown of Crnogorska plovidba AD," outlined a clear two-phase plan: first, lease the ships to another state-owned company, Barska plovidba, and second, transfer ownership and liquidate Crnogorska plovidba. The Minister of Maritime Affairs, Filip Radulović, was accused by the company's dismissed board of using the financial crisis as a pretext to destroy a state-owned company and transfer its valuable assets to another entity where private shareholders had a stake.

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

For nearly a decade, this new entity was more of a holding vehicle than an active shipping line. Its true story didn’t begin until a landmark deal in 2010. That year, Crnogorska plovidba secured a $55.7 million loan from the Chinese Exim Bank to build two brand-new Handysize bulk carriers. The government issued a sovereign guarantee for $47.3 million of the principal, putting the state’s full weight behind the project. The ships, each with a carrying capacity of 34,987 tons, were built at a Shanghai shipyard. The first, named “Kotor,” was delivered in January 2012, followed by its sister ship, “Dvadesetprvi Maj” (21st of May), in August of the same year. It was a moment of great national pride, a tangible investment in a new era of Montenegrin shipping.

As of late 2025 and early 2026, the company has entered a phase of drastic restructuring: