Updated | Crnogorska Plovidba

The first, Kotor , was a 34,987-ton Handysize bulk carrier delivered in January 2012. The second, Dvadesetprvi Maj (meaning "21st of May", a reference to Montenegro's independence day), was its sister ship, a bulk carrier of the same tonnage delivered that August. For their entire operational history, these two ships, with a combined deadweight of 70,000 tons, were not just the company's fleet; they were the company. All of its business, revenue, and future prospects hinged entirely on the charter rates and operational costs of these two vessels.