Dan 3 — Bar → Budva (≈25–30 NM)
was a state-controlled Montenegrin shipping company established to revive the country’s historic maritime identity on the global stage. Founded and owned 99.97% by the Government of Montenegro , the company operated out of the historic bay city of Kotor. Its primary core business was the international transport of bulk cargo like grain, timber, and ore. crnogorska plovidba
A turning point, however, seemed to arrive in 2021. For the first time since its founding, Crnogorska plovidba finished the year "in the plus," reporting a modest net profit. This positive streak peaked in 2022, a year marked by a significant increase in global freight rates, leading to a much more substantial net profit of €2.37 million, on revenues of €14.08 million. Though profits dipped again in 2023 as freight rates fell, the company was still in the black. This created a narrative of a company that, after years of struggle, had finally found its footing and was on a path to sustainable profitability. Dan 3 — Bar → Budva (≈25–30 NM)
Despite its maritime expertise, the company historically lagged in environmental reporting. Public records from its operational period indicate no reported carbon emissions figures, nor documented reduction targets or climate commitments, placing it in a lower percentile compared to the industry average for sustainability disclosure. This lack of modern compliance, however, was the least of its worries as financial storms gathered on the horizon. A turning point, however, seemed to arrive in 2021