Since 2015, the Montenegrin government has discussed selling its stake in Crnogorska Plovidba. Several international investment funds (from Russia, Ukraine, and the UAE) have shown interest. However, strong resistance comes from the Sailors’ Union of Montenegro, who fear that foreign owners will scrap the vessels and move the flag of convenience to Panama or Liberia, firing local crews.
has transitioned from a symbol of national pride to a focal point of financial distress and political controversy. Founded as a 100% state-owned enterprise, the company aimed to restore Montenegro’s presence on the high seas with its fleet of modern bulk carriers. The Fleet and Foundation crnogorska plovidba
As of 2025 and 2026, Crnogorska plovidba remains focused on: Maintaining its fleet to high technical standards. Retaining experienced Montenegrin seafarers. Since 2015, the Montenegrin government has discussed selling