The physical operations of the company relied on two sister ships built in 2012 by the Shanghai Shipyard. These bulk carriers were operated on long-term time charter agreements to ensure predictable income streams:
(Montenegrin: Crnogorska plovidba – literally “Montenegrin Shipping”) is the leading dry bulk carrier shipping company in Montenegro. Headquartered in the coastal city of Bar , the company has been a cornerstone of the country’s maritime industry for decades.
The Bay of Kotor (Boka Kotorska) has a maritime heritage stretching back over millennia. Historically, regional giants like Jugooceanija managed vast fleets during the Yugoslav era, establishing the region as a seafaring powerhouse. Following the geopolitical shifts and economic transitions of the late 20th and early 21st centuries, Montenegro found itself without an active national merchant fleet. crnogorska plovidba
Following the liquidation of its vessels, Crnogorska Plovidba has transitioned from an active global ship owner into a minimal administrative and legal entity. Operating with a limited shore-based team, its primary focus centers on resolving outstanding financial obligations, managing domestic contracts, and navigating maritime labor agreements.
Critics immediately panned this move. The Association of Sea Captains and maritime experts argued that the contract was illegal and detrimental to Crnogorska plovidba, effectively handing over the state’s most valuable assets to a company with minority shareholders while stripping the original owner of its income. Leaked internal documents suggested that the government was not seeking a recovery, but implementing a "Programmed shutdown of Crnogorska plovidba." A restructuring plan prepared for the Ministry reportedly contained six scenarios, but the one that was developed in detail was the systematic closure of the Kotor-based company. Minister Radulović denied the allegations publicly, stating that the government was "not considering shutting down Crnogorska plovidba," but the financial reality suggested otherwise. The physical operations of the company relied on
Following Montenegro's independence in 2006, the national government sought to rebuild its commercial maritime footprint, drawing inspiration from historical regional giants like Jugooceanija.
Crnogorska plovidba has had a profound impact on Montenegro's culture, economy, and identity. The country's maritime heritage has: The Bay of Kotor (Boka Kotorska) has a
: Delivered on January 12, 2012, from the Shanghai Shipyard Co. Ltd.
Freight market downturn in 2023–2024 led to reduced charter rates, impacting revenue.