marine link image

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

Kuwaiti Tanker Ablaze in Dubai Port

Kuwaiti Tanker Ablaze in Dubai Port

Titan Clean Fuels and TURN2X Agree e-Methane Supply Deal

Titan Clean Fuels and TURN2X Agree e-Methane Supply Deal

Livestock Still Being Sent to War Zones

Livestock Still Being Sent to War Zones

Ammonia, Fertilizer Trade Threatened by Strait of Hormuz Conflict

Ammonia, Fertilizer Trade Threatened by Strait of Hormuz Conflict

Subscribe for Maritime Logistics Professional E‑News

Air China resumes North Korea flights but no longer accepts new bookings
Alaska Air announces bigger losses in the first quarter due to fuel prices surging
Capital A names a new deputy CEO and explores dual listing in Hong Kong