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

Stena Line and ABP Start Work on Immingham Terminal

Stena Line and ABP Start Work on Immingham Terminal

Carney Changes Climate Requirements in Energy Deal with Alberta

Carney Changes Climate Requirements in Energy Deal with Alberta

Russian Oil Cargo Discharge at Indian Port Delayed Due to Insurance Scrutiny

Russian Oil Cargo Discharge at Indian Port Delayed Due to Insurance Scrutiny

The Expanding Shadow Fleet Poses a Growing Threat to Maritime Safety

The Expanding Shadow Fleet Poses a Growing Threat to Maritime Safety

Subscribe for Maritime Logistics Professional E‑News

Source: EU investigation is underway against MSC and BlackRock's bid for Hutchison Barcelona terminal.
Germany's DET will repeat LNG capacity auctions if no bids are received
Trafigura claims Gupta stole money from metals fraud to fund his distressed companies