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

Ukraine Explores Alternative Grain Routes

Ukraine Explores Alternative Grain Routes

Strike Hinders Argentina Grain Port Activity

Strike Hinders Argentina Grain Port Activity

Carnival Cruise Line Implement Jotun Hull Cleaning Solution

Carnival Cruise Line Implement Jotun Hull Cleaning Solution

Strong Cargo Demand Offsets Rising Costs for ONE

Strong Cargo Demand Offsets Rising Costs for ONE

Subscribe for Maritime Logistics Professional E‑News

China sets mandatory safety standards for autonomous vehicles
Singapore's marine fuel prices are higher than other regional countries due to a tighter supply
Lufthansa announces 2026 profit forecast following Q2 fuel cost impact on EBIT