Plovidba: Crnogorska

[Crnogorska Plovidba] ── Fleet Sale ($13.2M) ──► [K/S Navision Group (Denmark)] │ (M/V Kotor & M/V 21. Maj) ▼ Transition to Shore-Based Operations / Debt Restructuring

The backbone of Crnogorska Plovidba consists of modern vessels designed for versatile international trade. The company specializes in the transport of dry bulk commodities such as grain, coal, and minerals. crnogorska plovidba

Crnogorska Plovidba: The Rise, Crisis, and Selling of Kotor’s National Shipping Fleet [Crnogorska Plovidba] ── Fleet Sale ($13

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%. Crnogorska Plovidba: The Rise, Crisis, and Selling of

: The proceeds are primarily intended to repay a massive outstanding loan from the Export-Import Bank of China , which was used for the ships' original construction. The company's debt to the state is estimated at over €37 million . Crnogorska Plovidba A.D. Kotor

The maritime legacy of Montenegro is centuries old, deeply rooted in the traditions of the Bay of Kotor. To revitalize this heritage in the modern era, was tasked with developing and managing a fleet of commercial cargo vessels.

: Ships operate under time-charter or spot-market contracts, connecting Montenegro to major international ports. Strategic Importance to Montenegro