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

18 Grain Ships Delayed at Quequen Port by Trucker Protest

18 Grain Ships Delayed at Quequen Port by Trucker Protest

Golden Pass LNG Ships First Export Cargo from Texas Terminal

Golden Pass LNG Ships First Export Cargo from Texas Terminal

First LNG Export Cargo Departs Sabine Pass Terminal

First LNG Export Cargo Departs Sabine Pass Terminal

Port Houston Surpasses 1 Millions TEUs in Q1

Port Houston Surpasses 1 Millions TEUs in Q1

Subscribe for Maritime Logistics Professional E‑News

Sources say that the Russian ESPO premiums are easing due to weak Chinese refining margins
Tinubu, the Nigerian leader, seeks approval from Parliament for a $516 million road loan
Union Pacific beats its first-quarter earnings estimates thanks to strong pricing