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

Awake.Al, Tidalis Collaborate for Maritime Emissions Reporting

Awake.Al, Tidalis Collaborate for Maritime Emissions Reporting

Konecranes to Supply Two Cranes for Norwegian Oil Industry Facility

Konecranes to Supply Two Cranes for Norwegian Oil Industry Facility

EnergyPathways, ABP Partner on Energy Storage Project at Port of Barrow

EnergyPathways, ABP Partner on Energy Storage Project at Port of Barrow

PD Ports Expands Operations with Third Electric Liebherr LPS 550

PD Ports Expands Operations with Third Electric Liebherr LPS 550

Subscribe for Maritime Logistics Professional E‑News

Britain will bring 10 people into the UK as a precautionary measure after an outbreak of hantavirus
Why are Britons so angry?
InPost's strong parcel growth and Yodel integration costs offset the high profit forecast for InPost.