7 September 2026 · Yotters, independent yacht media
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Destinations & Season

Porto Montenegro has approval to go from 480 berths to about 850

The Bay of Kotor marina is roughly halfway through what it is allowed to build, with permission in hand to grow from around 480 berths to about 850. It already handles 15 to 20 yachts over 60 metres in a normal season and three or four above 100. For owners short of a long-term Adriatic home berth, this is the largest single block of new capacity in the region.
17 July 20263 min readYotters DeskEdited by Leon Soliman
The Porto Montenegro waterfront, purpose-built on the site of a former naval yard.
The Porto Montenegro waterfront, purpose-built on the site of a former naval yard.Photo: Miomir Magdevski / Wikimedia Commons (CC BY-SA 4.0)

The capacity

Porto Montenegro currently runs about 480 berths taking vessels from 9 to 250 metres. David Margason, chairman of the adjacent refit yard Adriatic42, told SuperyachtNews in an interview published on 17 July 2026 that the approved expansion takes the marina to roughly 850 berths, and that the site is barely fifty per cent of the way through its total allowable built area with something like fifteen years of development still to run.

Occupancy at the top of the range is already meaningful. Margason puts a typical season at 15 to 20 yachts over 60 metres and three or four above 100 metres. Adriatic42 next door handles refit and repair work on vessels in the 60 to 80 metre range, which is the part of the fleet that has the least choice of yard in the eastern Mediterranean.

Berths run right up to the buildings, so the shops and restaurants are on the quay itself.
Berths run right up to the buildings, so the shops and restaurants are on the quay itself.Photo: Zoran Kurelic Rabko / Wikimedia Commons (CC BY-SA 3.0)

Why it matters to an owner looking for a base

Med berth supply for yachts over 60 metres has been the binding constraint on where large yachts spend their winters for a decade. The alternatives are a handful of ports on the Riviera and the Italian coast where a long-term berth is inherited, not bought, and where the annual cost is among the highest in the Mediterranean.

Montenegro is outside the European Union, which changes the customs arithmetic for a non-EU owned yacht. A winter spent there is not a winter spent inside the Union, and for a yacht working under temporary admission that is directly relevant to the 18-month clock. The country is a candidate for accession, so this is a feature of the present position and not a permanent one.

The old shipyard crane from the Arsenal, kept as a landmark on the marina promenade.
The old shipyard crane from the Arsenal, kept as a landmark on the marina promenade.Photo: Zoran Kurelic Rabko / Wikimedia Commons (CC BY-SA 3.0)

What has actually been built

The development began in 2007 and the first residences were occupied around 2009. Over the past year the marina has added the Boka Place district, which includes 215 apartments, a SIRO-branded five-star hotel and a health centre of more than 2,000 square metres. The yacht club has been redeveloped, and a day club and a nightclub are operated under the management of Dubai's Sunset Group.

The less photogenic infrastructure is the part that decides whether a family actually stays. There is an International Baccalaureate school on site with around 350 pupils, up from about 100 in 2017, a medical centre, a three-screen cinema and roughly forty new shops and restaurants. No investment figures for the expansion have been disclosed.

A superyacht moving up the Bay of Kotor towards Tivat.
A superyacht moving up the Bay of Kotor towards Tivat.Photo: Ad Meskens You are free to use this picture for any purpose as long as / Wikimedia Commons (CC BY-SA 4.0)

The rest of the Adriatic is moving too

Montenegro is not adding berths in isolation. Albania has become the most active builder on this coast, with Vlora Marina planned to open in the middle of 2027 with 438 berths for yachts up to 50 metres, and the far larger Durres Yachts and Marina scheme, led by Eagle Hills and partially operational since March 2025, designed eventually to take vessels up to 120 metres.

In Croatia the growth is coming through the marina groups. D-Marin, which changed hands in July 2026, operates in both Croatia and Albania as part of a network of 28 marinas across nine countries. The effect over the next few seasons is that the eastern Adriatic stops being a cruising ground you visit and starts being one you can base in, which is a different proposition for an owner deciding where the yacht spends October to April.

A motor yacht underway in the bay, with the shoreline villages behind.
A motor yacht underway in the bay, with the shoreline villages behind.Photo: Ad Meskens You are free to use this picture for any purpose as long as / Wikimedia Commons (CC BY-SA 4.0)
The wooded shore of the bay close to the marina.
The wooded shore of the bay close to the marina.Photo: Ad Meskens You are free to use this picture for any purpose as long as / Wikimedia Commons (CC BY-SA 4.0)

The reservation

Fifteen years of remaining development is a long time to have builders on the other side of the quay. An owner committing to a long-term berth is committing to a construction site that will be finished long after his current boat is sold, and the sequencing of that work is not published.

The other question is depth of service. Adriatic42 covers 60 to 80 metres, which leaves anything larger travelling for major work. For a yacht in that band the marina and the yard sitting side by side is the argument. For a 100-metre yacht it is a berth with a good winter school, and the refit still happens somewhere else.

What is good, and what to watch

Strong points

  • Institutional capital, not just an announcementThe IFC financing package is a named lender committing structured debt to a specific development phase, a stronger signal than a press release or a chairman's forecast.
  • Genuine room to growAt roughly half of its allowable built area with about 15 years of runway, Porto Montenegro has physical room the more constrained Riviera and Italian ports simply do not.

What to watch

  • No published timelineSuperyachtNews' own reporting describes the expansion arriving 'in phases' with no dates attached, so an owner cannot know when 850 berths, or any interim milestone, is actually reached.
  • The 'approval' is one executive's characterisationThe 850-berth figure comes from a chairman's interview, not a cited permitting authority or planning document, which matters for anyone relying on it to plan a multi-year berth commitment.

Practical detail

Porto Montenegro has approval to go from 480 berths to about 850
Current capacityAbout 480 berths today per Adriatic42 chairman David Margason's 17 July 2026 SuperyachtNews interview; Yacht Harbour's own 2025 coverage put the figure closer to 460, so accounts vary by roughly 20 berths depending on when they were taken.
Approved targetAbout 850 berths once the approved masterplan is fully built. Margason puts the site at roughly half of its total allowable built area, with around 15 years of development still to run.
Financing in placeThe IFC, the World Bank Group's private-sector arm, is preparing up to EUR 150 million for the next development phase (an EUR 85 million senior A-loan plus a EUR 65 million commercial B-loan). Porto Montenegro separately flagged a broader EUR 500 million, 10-year investment plan.
How to get a berthLong-term and visitor berths are allocated directly through Porto Montenegro Marina. No public waitlist or online booking system turned up in researching this piece.
What is not publishedNo regulatory approval document, phased build-out timeline, or total cost for reaching 850 berths is public. The 'approval' figure currently in circulation rests on the operator's own account, not a cited planning authority or permit.

Questions this story answers

What happened?

The Bay of Kotor marina is roughly halfway through what it is allowed to build, with permission in hand to grow from around 480 berths to about 850. It already handles 15 to 20 yachts over 60 metres in a normal season and three or four above 100. For owners short of a long-term Adriatic home berth, this is the largest single block of new capacity in the region.

What is good about it?

Institutional capital, not just an announcement. The IFC financing package is a named lender committing structured debt to a specific development phase, a stronger signal than a press release or a chairman's forecast.

What should an owner or buyer watch?

No published timeline. SuperyachtNews' own reporting describes the expansion arriving 'in phases' with no dates attached, so an owner cannot know when 850 berths, or any interim milestone, is actually reached.

Who reported this?

SuperyachtNews, Porto Montenegro, Adriatic42, SuperYacht Times, Marina World.

Reported from primary sources: SuperyachtNews, Porto Montenegro, Adriatic42, SuperYacht Times, Marina World.
Yotters DeskEditor-in-Chief: Leon SolimanEditorial standards

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