Crnogorska Plovidba, the state-owned shipping company based in Kotor, is currently navigating a severe financial crisis. Recent reports indicate the company has sold its entire fleet of two bulk carriers, the Kotor and 21. maj , for roughly €11.2 million—a price significantly lower than their estimated market value of over €30 million. This fire sale was intended to settle urgent debts, yet the company remains burdened by an estimated €26 million in remaining liabilities.
Ovo je dubinski vodič kroz (Crnogorska plovidba AD Kotor), jednu od najstarijih i najznačajnijih pomorskih kompanija na istočnoj obali Jadrana. Vodič pokriva historiju, flotu, strateški značaj, trenutno stanje i budućnost ove kompanije.
Ako želite, pripremim prilagođenu rutu na osnovu datuma polaska, tipa plovila i broja osoba.
Experts and seafarers were outraged, claiming the vessels were sold far below their real market value. Janko Milutin from the Association of Sea Captains of Montenegro stated that the ships were sold for millions of dollars below the market price, noting that similar vessels were commanding prices of around 11 million dollars per unit, while Kotor fetched only $5.75 million and the better-maintained 21. Maj went for $7.5 million.
To regenerate national revenues through international freight shipping.
The final chapter of the saga was the sale itself. In mid-September 2025, both ships were sold to the Danish shipping company K/S Navision Group for a combined total of $13.25 million. This price was immediately condemned as a "bargain price." It represented approximately 37% of the ships' combined book value of €30.4 million. After the sale, even after paying off some creditors, the company would still be left with an estimated €26 million in debt, primarily owed to the state that sold it.
At the core of Crnogorska plovidba’s operations were its two primary assets: the bulk carriers Kotor and Dvadesetprvi Maj (also referred to as 21. Maj ). Both vessels were Handysize bulk carriers, with a deadweight tonnage of approximately 35,000 tons each and a length of 179.9 meters.
Crnogorska Plovidba, the state-owned shipping company based in Kotor, is currently navigating a severe financial crisis. Recent reports indicate the company has sold its entire fleet of two bulk carriers, the Kotor and 21. maj , for roughly €11.2 million—a price significantly lower than their estimated market value of over €30 million. This fire sale was intended to settle urgent debts, yet the company remains burdened by an estimated €26 million in remaining liabilities.
Ovo je dubinski vodič kroz (Crnogorska plovidba AD Kotor), jednu od najstarijih i najznačajnijih pomorskih kompanija na istočnoj obali Jadrana. Vodič pokriva historiju, flotu, strateški značaj, trenutno stanje i budućnost ove kompanije. crnogorska plovidba
Ako želite, pripremim prilagođenu rutu na osnovu datuma polaska, tipa plovila i broja osoba. This fire sale was intended to settle urgent
Experts and seafarers were outraged, claiming the vessels were sold far below their real market value. Janko Milutin from the Association of Sea Captains of Montenegro stated that the ships were sold for millions of dollars below the market price, noting that similar vessels were commanding prices of around 11 million dollars per unit, while Kotor fetched only $5.75 million and the better-maintained 21. Maj went for $7.5 million. Ako želite, pripremim prilagođenu rutu na osnovu datuma
To regenerate national revenues through international freight shipping.
The final chapter of the saga was the sale itself. In mid-September 2025, both ships were sold to the Danish shipping company K/S Navision Group for a combined total of $13.25 million. This price was immediately condemned as a "bargain price." It represented approximately 37% of the ships' combined book value of €30.4 million. After the sale, even after paying off some creditors, the company would still be left with an estimated €26 million in debt, primarily owed to the state that sold it.
At the core of Crnogorska plovidba’s operations were its two primary assets: the bulk carriers Kotor and Dvadesetprvi Maj (also referred to as 21. Maj ). Both vessels were Handysize bulk carriers, with a deadweight tonnage of approximately 35,000 tons each and a length of 179.9 meters.
