ROCA Investments, which acquired the company in 2019 and managed its insolvency,s aid Thursday the operator has reentered the economic circuit two years earlier than estimated in its reorganization plan, with no outstanding debts and the ability to operate in Constanta Port for at least 33 years.
Litigations during insolvency were resolved amiably and the company expanded its client portfolio.
ROCA Investments plans to further develop Romcargo’s business lines starting with a reopening of a regular ferryboat line to Turkey and Russia, currently under negotiation.
Romcargo manages 90% of maritime flows of passenger and utility vehicles in Romania, including Dacia, Renault, Ford and Mitsubishi, and operates the largest Ro-Ro terminal in Constanta Port.
“Our strategy continues to focus on diversifying client portfolio and gaining market share. Besides Dacia and Ford, ROCA Investments has already attracted Fiat and Mitsubishi among Romcargo’s clients,” said Ionut Bindea, investment manager at ROCA Investments.