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

IMO Challenged Over Livestock Carrier Regulations

IMO Challenged Over Livestock Carrier Regulations

Awards Presented to Containerization and Intermodal Institute Leadership

Awards Presented to Containerization and Intermodal Institute Leadership

Kent Ebbing Joins Ports of Indiana as Foreign-Trade Zone Director

Kent Ebbing Joins Ports of Indiana as Foreign-Trade Zone Director

Low-Emission Cement Carrying Vessel to be Dual-Fuel Methanol

Low-Emission Cement Carrying Vessel to be Dual-Fuel Methanol

Subscribe for Maritime Logistics Professional E‑News

German court stops authorities from selling suspected Russian oil tanks cargo
Lula, Maduro spoke about situation in Caribbean, South America, Brazil's government says
Trafigura and Gupta attorneys trade blame as the trial ends