South Korea to Invest $9.75 Billion in Busan Port Expansion South Korea to Invest $9.75 Billion in Busan Port Expansion

The Romanian port of Constanta, one of Europe’s fastest-growing, is undergoing major upgrades to handle rising cargo volumes. Following Russia’s withdrawal from the Black Sea Grain Initiative, Ukraine redirected exports via the Danube, significantly increasing pressure on Constanta, the busiest port on the Black Sea.

Romania recently announced plans to improve rail infrastructure at the port, including a second rail access point, to ease congestion. “We continue to invest in developing Constanta as a strategic logistics hub,” Romanian Prime Minister Marcel Ciolacu said.

Recent developments include the May opening of three new terminals by DP World, and ongoing talks by Romania to acquire Moldova’s Giurgiulești Port on the Danube, enhancing Constanta’s regional connections.

Located on the Black Sea’s western coast, Constanta benefits from the Rhine-Danube transport corridor and connects landlocked European nations with Central Asia and the Far East, cementing its importance in global trade.

Editor: Kemal Can Kayar