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

April 28, 2023

© ely2000 / Adobe Stock
© ely2000 / Adobe Stock

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)

Logistics News

First Green Methanol Bunkering of New Car Carrier Successfully Completed

First Green Methanol Bunkering of New Car Carrier Successfully Completed

Egypt Looks to Sign Multi-Year LNG Supply Deal

Egypt Looks to Sign Multi-Year LNG Supply Deal

Houthis Threaten Targeted Attacks on Shipping Companies Visiting Saudi Ports

Houthis Threaten Targeted Attacks on Shipping Companies Visiting Saudi Ports

DP World, EBRD Sign $28m Loan to Electrify Constanța Terminal Operations

DP World, EBRD Sign $28m Loan to Electrify Constanța Terminal Operations

Subscribe for Maritime Logistics Professional E‑News

Trump announces that US airlines will be able to fly to Lebanon again for the first time since 1985
Sources say that CPC has stopped accepting Kazakh oil because of attacks on tankers.
Abra orders 28 E2 jets from Embraer