#Montenegro #MaritimeIndustry #Shipping #CrnogorskaPlovidba #Logistics #BalkanEconomy #MaritimeHistory
Following the Montenegrin independence referendum in 2006, Crnogorska Plovidba sought a new beginning. The government of Montenegro retained a controlling interest (via the state’s “Share Fund”), viewing the shipping company as a strategic asset. The goal shifted from socialist employment to profitable commercial shipping, focusing primarily on (iron ore, coal, bauxite, and grain). crnogorska plovidba
Crnogorska Plovidba operates primarily in the , serving global charterers, commodity traders, and industrial companies. Crnogorska Plovidba operates primarily in the , serving
: The sale has been mired in debate, with critics alleging it was "non-transparent." In one instance, a Turkish bidder, EOS Group , offered a higher price of $16 million , but the deal collapsed amidst claims of missed deadlines and a sudden shift in negotiations toward the Danish buyers . However, due to mounting debts to the state
: The company originally operated two Handysize bulk carriers, the m/v Kotor and m/v Dvadeset prvi maj , both built in Shanghai. However, due to mounting debts to the state and Chinese lenders totaling over €36 million , the government recently authorized the sale of these vessels to the Danish company K/S Navision Group for approximately $13.2 million .