: The original framework intended to capture consistent income through long-term time-charter agreements , maintaining high liquidity to protect the state budget from global shipping recessions. 2. Fleet Profile and the "Handy" Bulk Strategy
: To avoid immediate bankruptcy, the Montenegrin government proposed leasing the vessels to a local peer, Barska Plovidba, to generate cash flow for loan repayments. Corporate Information & Transparency Crnogorska Plovidba v. Global American Transport LLC crnogorska plovidba
While the fleet is strong, the home port of Bar needs deepening and modernization. Larger vessels cannot be fully loaded in Bar, forcing to often use Croatian (Rijeka) or Italian (Bari) ports for transshipment. : The original framework intended to capture consistent
The controversy forced the Special State Prosecutor's Office (SDT) to launch a criminal investigation into the sale to determine if a criminal offense had been committed. Adding to the intrigue, a Podgorica law firm, VRD Legal, issued a preliminary invoice for over €135,000 for legal services rendered to Crnogorska plovidba, raising further questions about the opaque processes surrounding the company's demise. Corporate Information & Transparency Crnogorska Plovidba v