Comvex's 2022 Profit More than Triples as Ukraine Cargo Rises

Friday, April 28, 2023

Romanian port operator Comvex said on Friday its net profit more than tripled to 104.36 million lei ($23.24 million) in 2022, as the Black Sea port of Constanta saw a rise in Ukrainian grain exports and other cargo.

Comvex, which is due to detail its rise in profit later on Friday, operates Europe's fastest-loading grain terminal.

In 2022 as a whole, exporters shipped 8.6 million tones of Ukrainian grain through Constanta, by train, truck and barges on the river Danube. The port, which has a storage capacity of around 2 millions tones, handled grain exports worth 24.01 million tonnes overall last year.


($1 = 4.4907 lei)

(Reuters - Reporting by Luiza Ilie; Editing by Jason Hovet)

Categories: Ports Europe Cargo Dry Bulk

Related Stories

Greensand’s CO2 Transit Terminal at Port Esbjerg Starts Taking Shape

HPC Finalizes Pre-Feasibility Study for Porto Fundo Terminal

Drewry: Global Container Shipping Volume to Fall 1% in Response to Trump Trade Policies

Current News

HD Hyundai and Maersk Cooperate on Decarbonization and Logistics

Ambrey: RSF Launched Drone Attack on Port Sudan's Container Terminal

Israel Bombs Yemen's Hodeidah Port

SAAM Terminals Holds Fourth Port Gathering to Reflect on Industry Challenges

Subscribe for Maritime Logistics Professional E‑News