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Montenegro shipping companies cooperation plan aims to avoid bankruptcy and optimize operations

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....

Montenegro’s Maritime Captains Association raises concerns over business agreement between shipping companies

The Maritime Captains Association of Montenegro (UPKCG) has sent an open letter to the media, addressed to the Prime Minister of Montenegro, Milojko Spajić,...

Lease agreement saves Crnogorska Plovidba from bankruptcy, ensures jobs and protects fleet

The leasing of two ships by Barska to Crnogorska plovidba is seen as a vital solution to save the company from bankruptcy, preserve jobs,...

Crnogorska Plovidba’s account unblocked after government intervention to avoid ship stoppage

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,...
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Expert proposes bankruptcy and restructuring as only solution for Montenegro’s Shipping

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...

Montenegrin Shipping to secure loan for overdraft refinancing and avoid vessel halt

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...
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