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

Tanco Boosts Jeffersonville Port Capacity with $750K Fertilizer Expansion

Tanco Boosts Jeffersonville Port Capacity with $750K Fertilizer Expansion

BIO-UV Completes First Containerized Ballast Water Treatment Deployment

BIO-UV Completes First Containerized Ballast Water Treatment Deployment

Capesize Values Hit 17-Year High

Capesize Values Hit 17-Year High

Maritime and Coastguard Agency Advances Marine Safety with Multiverse Data Upskilling

Maritime and Coastguard Agency Advances Marine Safety with Multiverse Data Upskilling

Subscribe for Maritime Logistics Professional E‑News

Sources say that the Urals freight rate to India increased in October due to high exports and tighter sanctions.
US to expect more flight delays, as controllers will soon miss their paychecks
Sources say that Sable will need to raise $1.7 billion to advance the Santa Ynez Project.