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

Port of Los Angeles Reports Record Low Emissions

Port of Los Angeles Reports Record Low Emissions

Import Window for Brazil Ethanol to Reopen in January

Import Window for Brazil Ethanol to Reopen in January

Citi: Oil Prices Remain Unstable Despite Recovering Gulf Exports

Citi: Oil Prices Remain Unstable Despite Recovering Gulf Exports

Asian Imports of LNG to Increase Despite Rising Costs

Asian Imports of LNG to Increase Despite Rising Costs

Subscribe for Maritime Logistics Professional E‑News

Manishi Raymondchaudhuri: The thaw in the Sino-Indian relationship will be a major test for economic growth
Poland suspects Starlink fire as a sabotage
Israel's Netanyahu: Flydubai co-pilot underwent radical Islamist endoctrination