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

Chief Officer of Livestock Carrier Charged in Cocaine Sting

Chief Officer of Livestock Carrier Charged in Cocaine Sting

Belgian Ports Partner on Port Security

Belgian Ports Partner on Port Security

International Cooperation Uncovers Major Vape Smuggling Operation

International Cooperation Uncovers Major Vape Smuggling Operation

Crew Evacuated After Fire and Explosion on ONE Henry Hudson at Port of Los Angeles

Crew Evacuated After Fire and Explosion on ONE Henry Hudson at Port of Los Angeles

Subscribe for Maritime Logistics Professional E‑News

Officials say that the fire on a container ship in Los Angeles has been'substantially contained'.
Portugal claims that only three of Europe's largest airlines expressed interest in TAP privatisation
Officials say that crew evacuated from container ship after fire at Los Angeles port