The Dabinović family will soon take over the first newly built ship in their history

After the one under the Montenegrin flag, which has been sailing for two years, the ship "Kotor" flying the flag of Saint Vincent and the Grenadines will soon sail the world's seas.

In the shipyard "Korea Yanase Tongyeong Shipbuilding", in the South Korean city of Tongjeong, the construction of "Kotor", a ship for transporting bulk cargo with a displacement of 32.000 tons, has been completed, which will be formally handed over to the owner, the shipping company "Dabinović" from Monaco, for use at the end of the month .

The newly built ship, 180 meters long and 28 meters wide, is the first new construction in the history of the "Dabinović" company, which is owned by the family of the famous Bokel ship owner, the late Bož A. Dabinović from Dobrota, and which has been operating under that name since 1956.

The new "Kotor" is the 53rd ship that will sail in the "Dabinović" fleet, and soon the official ceremony of its christening will be held in South Korea, where the official godmother of the ship will be the mayor of Kotor, Marija Maja Ćatović, who will also break a bottle of champagne on bow of the new "Kotor".

The formal owner of the new ship is "Dabinović's" daughter-company "Sveti Tripun Corporation", registered in the small Caribbean state of St. Vincent and the Grenadines, whose naval flag was practically "invented" by the late Božo Dabinović and affirmed as one of the most famous and popular so-called a flag of convenience in the global maritime industry.

By the way, this excellent maritime entrepreneur named most of the 52 used merchant ships in his company's fleet so far from Boka Kotorska. Although they sailed under foreign flags, primarily St. Vincent and the Grenadines, Dabinović's ships were practically always domestic - from Bokela, because over 90 percent of them are crewed by sailors from Bokea, and his ships are mostly overhauled in the Adriatic shipyard of Bijela.

By the way, in the fleet of the "Dabinović" company, there are currently sailing ships for transporting bulk cargo "Boka", "Ljuta", "Dobrota" and "Kumbor", with a total displacement of over 120 thousand tons and an average age of 15 years. Bož's son, Stevan Dabinović, who now runs the company, made a historic move on November 15 last year when he signed a contract with "Korea Yanase" for the purchase of a completely new ship - at that moment 60 percent completed and the construction of which was suspended due to the bankruptcy of the shipyard. Samho" in which it was built. That shipyard was taken over by the "Yanase" corporation, so Stevan Dabinović took advantage of the opportunity and obtained the unfinished new building, which was marked "Samho1229", at a significantly lower price than the market price. By the way, the current market value of newly built bulk carriers of similar size and characteristics as the new "Dabinović" ship "Kotor" amounts to 25 to 28 million dollars.

This ship has very similar characteristics to the ships "Kotor" and "Dvadesetprvi May" of the company "Crnogorska plovidba" from Kotor, which cost 27,85 million dollars each, i.e. the two bulk carriers "Bar" and "Budva" which were recently built in China for "Barska plovidba" at a price of 23,2 million dollars per ship.