This week, Barska Plovidba paid €150,000 to Crnogorska Plovidba, which was used by the Kotor-based company to cover half of the outstanding sailors’ wages on its…
The shareholders of Bar-based Barska Plovidba and Kotor-based Crnogorska Plovidba approved a cooperation agreement this morning aimed at resolving Crnogorska Plovidba’s liquidity problems. Under the deal,…
In an effort to rescue Crnogorska plovidba from financial collapse, Montenegro’s Ministry of Maritime Affairs has announced a strategic cooperation plan with Barska plovidba. Under the…
The Maritime Captains Association of Montenegro (UPKCG) has sent an open letter to the media, addressed to the Prime Minister of Montenegro, Milojko Spajić, regarding the…
The account of the state-owned company, Crnogorska Plovidba, which was blocked by Prva Banka due to unpaid loan obligations, was unblocked on April 30, according to…
Goran Sindik, a maritime expert with three decades of experience, has suggested that the only solution for Montenegro’s state-owned shipping company, Crnogorska plovidba, is bankruptcy. He…
The government of Montenegro has approved a decision for Montenegrin Shipping, a state-owned company, to take a loan from Prva Banka in order to refinance its…
Montenegro has two state-owned shipping companies, both heavily indebted with two ships each. The government plans to resolve the financial crisis of one of them, Montenegro…
The Board of the Maritime Captains Association of Montenegro has expressed concerns over the Ministry of Maritime Affairs’ decision regarding the urgent need to address the…