Herceg Novi is witnessing an unexpected surge in nautical tourism, signaling a pressing need for enhanced maritime infrastructure. The city’s port at Škver is facing significant berth shortages, with demand outpacing the current facilities. This situation presents a compelling investment opportunity, estimated to range between €15 million and €25 million, aimed at expanding the port’s capacity.
Recent statistics indicate that nautical tourism at Škver experienced a year-on-year increase of approximately 12–15% in June, which escalated to 30–40% growth in July. During a peak period from late July to early August, more than 30 vessels were unable to secure berths, highlighting the limitations of the existing infrastructure.
Throughout the summer months, berth occupancy rates were notably high, reaching around 80% from May to mid-July, with peak usage sometimes hitting 80–90% during day and night. Currently, Škver accommodates about 26 conventional berths and approximately 30 mooring positions, with a maximum capacity of around 40 vessels.
The demonstrated demand at Škver positions it as an attractive option for infrastructure investors. The port has an established customer base and strong connectivity to the city, making it less about creating a new destination and more about capitalizing on existing traffic that cannot currently be accommodated.
Broader market trends in Montenegro further support this investment rationale. In 2025, 4,836 foreign leisure vessels entered Montenegrin waters, carrying 25,800 passengers. Notably, sailing yachts comprised 42.7% of arrivals, while motor yachts accounted for 40.9%. Importantly, 17.5% of these vessels exceeded 20 meters in length, indicating a robust market for larger yachts.
The competitive landscape reveals that Herceg Novi does not need to compete directly with Portonovi Marina in Kumbor, which already offers 238 berths and accommodates large superyachts up to 140 meters. Instead, Škver’s strength lies in its location beneath the historic city center, catering primarily to transient sailing yachts and medium-sized motor yachts that enhance local economic activity through direct access to restaurants and shops.
The investment strategy for Škver must consider its vulnerability to southern winds and the need for infrastructural upgrades. The breakwater dates back to 1955 and requires both rehabilitation and a potential extension of 20–30 meters. Initial estimates suggest that the first phase of investment could range from €8 million to €14 million, focusing on structural improvements and wave protection.
A subsequent phase may require an additional €4 million to €7 million for reorganizing moorings and upgrading utilities. A third phase could add around €3 million to €5 million, which would enhance passenger handling facilities and public spaces. Overall, these developments could yield an indicative investment envelope of approximately €15 million to €25 million.
The financing structure poses challenges, particularly regarding who will fund the necessary public infrastructure improvements versus commercial marina operations. Public financing through entities like Morsko dobro or local government could support breakwater reconstruction due to its broad public benefits.
The legal framework is also evolving. Montenegro’s new Ports Law, effective from January 2026, provides mechanisms for concessions that can facilitate port infrastructure development. However, clarity regarding harbour boundaries and management rights remains essential for securing long-term investments.
A potential concession period of around 15 years, previously discussed by port management, could offer more stability than the current arrangement but may still be too short for recovering substantial investments in marine civil works.
The strategic vision for Herceg Novi involves developing a cohesive maritime system that integrates Škver with Zelenika and Portonovi. Each facility serves distinct market segments: Portonovi targets premium superyachts; Škver caters to urban marina needs; and Zelenika functions as a deeper-water commercial port.
This three-port strategy aims to maximize the economic impact of maritime activities within Herceg Novi while addressing varying customer needs without duplicating infrastructure. A comprehensive approach could facilitate better connectivity among these assets, enhancing the overall value proposition for both local residents and visitors alike.
The projected investment across these ports underscores the potential for Herceg Novi to attract significant maritime traffic while bolstering its tourism economy beyond traditional peak seasons. As demand continues to rise, timely action on infrastructure improvements will be critical in capturing lost revenue opportunities.
The evolving landscape presents a unique chance for Herceg Novi’s maritime sector to thrive through strategic investments aligned with growing nautical demand.
