Bulker owner Crnogorska Plovidba has requested Montenegrin government support to help it pay the latest instalment on a Chinese vessel loan.

The state-owned shipping company has been unable to find enough money to meet a repayment of $2.5m to the Export-Import Bank of China (China Eximbank).

Panagiotidis family snaps up bulk carrier from cash-rich Castor Maritime
 Read more

The last instalment deadline of 21 January was missed.