Crnogorska | Plovidba !!install!!

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 .

Okolišni i održivi izazovi

• Chartering department: For voyage or time charters – contact via brokers (Clarksons, SSY, Howe Robinson, or local Adriatic brokers)
• Cargo owners: Can propose long-term contracts of affreightment (COA)
• Suppliers: Bunker, spare parts, and victualling tenders are issued periodically via their procurement office

Employment:

The company is a major employer of local maritime officers and crew members, supporting the traditionally strong maritime education sector in Kotor. crnogorska plovidba

Despite the initial vision, the company has faced severe financial headwinds in recent years: Shrinking Profits : Net profit plummeted from €2.3 million in 2022 €165,000 in 2023 Insolvency Risks State-owned Crnogorska Plovidba A

• Proximity to Bar’s deep-water port (maximum draft 13m)
• Access to rail connections (Belgrade–Bar railway) for pre-carriage of bulk goods
• Historically strong ties with Balkan landlocked markets (Serbia, Kosovo, Bosnia)

Geografski kontekst i značaj