In recent years, there has been a renewed interest in preserving Montenegro's maritime heritage. Efforts have been made to:
Like many shipping entities, Crnogorska plovidba has faced high leverage issues (high debt levels), which have required strategic restructuring to ensure long-term stability. This includes initiatives to improve operational efficiency and competitive performance in the international market.
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Here's a piece inspired by the traditional Montenegrin sailing:
Under the draft agreement, Barska plovidba would take over the management of the Kotor and 21. Maj vessels. In exchange, Barska would provide an advance of up to one million euros in liquidity support to Crnogorska plovidba. The cost of this rescue, however, was high. Crnogorska plovidba was contractually obligated to return the million euros by June 1, 2026, and to cede a staggering nine percent of all future revenues generated by its fleet to Barska plovidba as a management fee. In recent years, there has been a renewed
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Ensuring complete compliance with international maritime safety codes and ISO standards . user wants a long article about "crnogorska plovidba"
: Reports from late 2025 indicate the government moved to sell the company's two ships to Danish buyers for approximately $13.2 million to address mounting debt and liquidity issues. Financial Struggles
Bar is Montenegro’s main seaport. While Crnogorska Plovidba does not own port infrastructure, its headquarters in Bar provides logistical advantages:
: Each ship has a gross tonnage of approximately 22,456 and a length of 179.9 meters.
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 .