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

Urals Freight Rates to India Drop As Tanker Availability Increases

Urals Freight Rates to India Drop As Tanker Availability Increases

Maritime Technologies Forum Publishes Guidelines for Methanol as Marine Fuel

Maritime Technologies Forum Publishes Guidelines for Methanol as Marine Fuel

PD Ports Names New CEO

PD Ports Names New CEO

Stolt-Nielsen Limited Shares Q2, H1 2026 Results

Stolt-Nielsen Limited Shares Q2, H1 2026 Results

Subscribe for Maritime Logistics Professional E‑News

Spanish wildfire victims burnt in cars after roads became death traps
Sources say that the lower freight rates for Urals shipments from Russia to India are due to increased tanker availability.
FAA extends Chicago O'Hare flight restrictions for another year