Montenegro, Maritime Transport has achieved a total profit of EUR 13.7 million in the last eight years
, NewsAfter the announcement by Prime Minister Dritan Abazović that at the next session of the Government, he will cancel the decision by which Maritime Traffic, businessmen Dejan and Dušan Ban and Željko Mihailović, were given the management of the Kamenari-Lepetane ferry line, Morsko Dobro does not rule out the possibility that they will organize transportation until the concession is awarded.
After almost a year since it was launched, the story of the termination of the ferry service contract with Maritime Transport, which has been maintaining the Kamenari-Lepetani line for the fifth year without a concession, is once again current.
– Whoever gets the job, if you want, and the company that is now dealing with it, if it is the first-ranked bidder, but not under the current conditions – said for TVCG the president of the Board of Management of Maritime Property, Blažo Radjenović.
The 15-year concession for maritime transport expired in 2018, and the following year it was extended indefinitely by an annex – until a new one is awarded. According to this, they are obliged to return four percent of every ticket sold to Morski Dobr, which is about EUR 200,000 per year.
It Is easy to calculate that millions circulate on ferries, and many would be happy to get involved in that business.
– We don’t know that anyone has ferries, but there are certainly companies that would be interested in this business. For a very short period, this job would be profitable even in the short term, let alone in the long term – said Radjenović.
According to data from the available financial reports, Maritime Transport has achieved a total profit of EUR 13.7 million in the last eight years. The company had a negative business result only in the year of covid, while in other years they made a net profit ranging from 1.66 million EUR in 2015 to 2.46 million in 2019.
Sign up for business news updates & special reports.
LATEST NEWS
- February 1, 2024 Invitation to Enhance Visibility and Stakeholder Engagement in EU Horizon Projects
- January 17, 2024 Montenegro forests, emissions trading and carbon offset credits, opportunities for investments
- May 11, 2023 Luxury Public Relations for pearl of Mediterranean, Elevate PR for Montenegro
- May 11, 2023 Elevate your business in Montenegro with Elevate PR
- May 9, 2023 Montenegro economy briefing: Wage growth in the public sector and other labour market issues
- April 8, 2023 Montenegro economy briefing: Increased indebtedness of Montenegro
- December 10, 2024 Montenegro recognizes France as key partner in EU integration path
- December 10, 2024 Strengthening tourism cooperation between Montenegro and Republika Srpska: Joint efforts for expanding markets and improving connectivity
- December 10, 2024 Kolašin readies for winter season with high tourist interest and exciting events