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

Argentinian Grain Ports Resume Normal Operations After Strike

Argentinian Grain Ports Resume Normal Operations After Strike

Tymor Marine Conducts Digital Survey Aboard Global Mercy

Tymor Marine Conducts Digital Survey Aboard Global Mercy

Dirty Tanker Vessel Loadings Drop 62%

Dirty Tanker Vessel Loadings Drop 62%

Cimolai Technology Unmoors 800-Ton Goliath Crane, Destined For Fincantieri Monfalcone

Cimolai Technology Unmoors 800-Ton Goliath Crane, Destined For Fincantieri Monfalcone

Subscribe for Maritime Logistics Professional E‑News

Sinograin auctions off two-thirds its soybeans to make room for US cargoes
Cathay Pacific reports its best first-half profits since 2010.
Israel's El Al Airlines doubles second-quarter net profit despite Iran conflict