Keywords integrated: Crnogorska Plovidba, Montenegrin shipping, Port of Bar, bulk carriers, BDI index.
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 crnogorska plovidba
A: No. It is a dry bulk cargo carrier. For passenger ferries, you would look at Barska Plovidba or Kotor Lines. For passenger ferries, you would look at Barska
: 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 Current Financial Challenges (As of 2025)
Crnogorska Plovidba: The Rise, Fall, and Controversial Liquidations of Montenegro’s Maritime Flagship
Crnogorska Plovidba A.D. Kotor is a state-owned shipping company based in Kotor, Montenegro, primarily focused on international maritime transport of bulk cargo. Established by the Government of Montenegro (which holds 99.97% ownership), the company operates a specialized fleet of "Handy" type bulk carriers. Crnogorska Plovidba A.D. Kotor Fleet & Technical Specifications
: Along with Barska Plovidba, it ensures Montenegro maintains a merchant marine fleet under the national flag. Current Financial Challenges (As of 2025)
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