Port News & Information Mediterranean, Black & Caspian Seas

Montenegrin government to back payment to Chinese bank by shipbuilder

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Kotor, Montenegro (Ports Europe) February 12, 2024 – The government said it will cover a €2.3 million instalment owed by state-owned shipbuilder Crnogorska Plovidba to Eximbank of China. The payment was due January 21, 2024, but with revenue down around 24% last year, payment was not possible. The government is the loan guarantor. The last…

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