Financial Times FT.com

Montenegro gears up for mega-yachts

By Neil MacDonald in Tivat, Montenegro

Published: October 23 2006 03:00 | Last updated: October 23 2006 03:00

Under a hulking concrete sunshade, workmen at the Arsenal repair yard scour rust off the hull of a Type 270 fast patrol boat - one of Montenegro's inherited naval assets from the former Yugoslavia.

The old Russian-made vessel, fitted with twin anti-ship torpedo tubes, will soon see service with Egypt, as tiny Montenegro sells off the fleet and prepares for Nato integration.

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