Crnogorska Plovidba

Crnogorska Plovidba operates in the highly cyclical bulk cargo market. Its vessels are usually leased out via time-charter agreements to international charterers who dictate the routes and specific cargo requirements.

: 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 crnogorska plovidba

The core of Crnogorska Plovidba’s commercial strategy rested on two identical "Handysize" bulk carriers commissioned from Chinese shipbuilders. These flexible cargo vessels were designed to carry bulk commodities like grain, coal, and ore globally. Vessel Name Built Year Tonnage (DWT) Primary Deployment Shanghai Shipyard Co. Ltd. International Long-term Time Charter MV Dvadesetprvi Maj Shanghai Shipyard Co. Ltd. International Long-term Time Charter Crnogorska Plovidba operates in the highly cyclical bulk

The year 2025 was a death spiral for Crnogorska plovidba. The first blow came in April, when Prva Banka blocked the company’s accounts due to an unpaid €372,500 overdraft loan. With the accounts frozen, the company couldn’t pay crew salaries or insurance premiums, and the government warned that its ships could be stopped in foreign ports. In a desperate attempt to stave off collapse, the government proposed a “business and technical cooperation” contract with another state-owned shipping company, Barska plovidba, under which Barska would manage CP’s ships and advance it up to €1 million. Vessel Name Built Year Tonnage (DWT) Primary Deployment

Navigation and National Interest: The Journey of Crnogorska Plovidba