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Faculty of Maritime Studies Kotor, University of Montenegro , Kotor , Montenegro
Faculty of Maritime Studies Kotor, University of Montenegro , Kotor , Montenegro
Faculty of Maritime Studies Kotor, University of Montenegro , Kotor , Montenegro
Faculty of Maritime Studies Kotor, University of Montenegro , Kotor , Montenegro
The maritime industry is increasingly undergoing profound transformation driven by digitalization, decarbonization, and the adoption of circular economy principles. These trends represent key enablers of the transition toward a more sustainable and resilient maritime sector, aligned with the United Nations Sustainable Development Goals (SDGs) and the strategic framework established by the International Maritime Organization. Particular relevance is attributed to the goals related to responsible consumption and production, climate action, the protection of marine resources, and the development of sustainable infrastructure, with the circular economy emerging as one of the most effective mechanisms for their practical implementation.
The aim of this paper is to examine the role of the circular economy in achieving strategic sustainability objectives within the maritime industry. The first part of the study identifies and systematizes the relevant goals and initiatives promoted by the IMO and other international institutions that support sustainable maritime practices. The second part applies a systematic literature review methodology to identify the key areas in which circular economy principles have been most intensively implemented in the maritime industry over the past ten years.
The third segment of the paper focuses on the current status and future prospects for the implementation of circular economy principles in maritime industry in Montenegro. Through a comparative analysis of existing domestic practices and international experiences, the study identifies opportunities and challenges for the adoption of circular models in small coastal states. The scientific and practical contribution of the paper lies in the formulation of recommendations that may support policymakers, industry stakeholders, and the academic community in fostering a more sustainable and competitive maritime sector in Montenegro.
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