Crnogorska Plovidba [exclusive] -

Crnogorska Plovidba is a publicly traded joint-stock company (AD) on the Montenegro Stock Exchange (MNSE). Its ticker symbol is .

As of 2026, Crnogorska plovidba exists in name only. The company has had virtually no activity since the sale of the ships, yet it maintains an executive director, a board of directors, and seven employees who continue to draw salaries and benefits. The state has lost its founding stake of 10.6 million euros, and practically the entirety of the 33.8 million euros loaned to the company, with little prospect of recovery from the remaining scrap value.

: The explicit mandate given to the company was to establish a competitive bulk carrier fleet ("bulkcarriers") that could operate independently on the global charter market. crnogorska plovidba

To prevent this, the Montenegrin Cabinet has been forced to adopt urgent information measures to resolve the liquidity crisis and ensure the "long-term sustainability" of the maritime sector. Operational and Structural Challenges

The ship, a 35,000-ton bulk carrier, was one of the twin pillars of , the state-owned shipping line based in the ancient, stone-walled city of Kotor. Along with its sister ship, the Kotor , it carried the pride of a small nation with a long maritime history. Crnogorska Plovidba is a publicly traded joint-stock company

operates globally, but their primary trade routes are strategic:

Periodic state intervention and subsidies to manage high financial leverage and debt servicing obligations. Employment, Seafarer Rights, and Collective Agreements The company has had virtually no activity since

: Major state-owned corporation controlled by the Ministry of Maritime Affairs.

: While the company remained marginally profitable in 2023 with 165,000 euros, this was a sharp decline from the 2.3 million euro profit reported in 2022. Legal Rulings

: Delivered on August 31, 2012. Built with identical specifications, holding a deadweight capacity of 35,000 tons and measuring 179.9 meters in length. Technical and Operational Profile