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

NYK Group’s ICO Launches Belgium’s First Shore Power Facility for RoRo Ships

NYK Group’s ICO Launches Belgium’s First Shore Power Facility for RoRo Ships

BMT, Austal Sign Engineering Alliance to Support Shipbuilding Projects

BMT, Austal Sign Engineering Alliance to Support Shipbuilding Projects

Irish Consultancy Opens Its Doors for Offshore Wind, Subsea Markets

Irish Consultancy Opens Its Doors for Offshore Wind, Subsea Markets

Iran's Strait Authority to Facilitate Passage Through Hormuz

Iran's Strait Authority to Facilitate Passage Through Hormuz

Subscribe for Maritime Logistics Professional E‑News

Bousso: The quest of ROI-Gulf Exporters to bypass Hormuz is reshaping the region.
Documents show that India Oil Corp is looking for gas and oil tankers from the Gulf to transport cargoes.
Heatwave threatens to disrupt rail services between Madrid and Barcelona as a wildfire breaks out in Spain