The predecessor account begins with the Hungarian Railways’ navigation company in 1888 and MFTR in January 1895. Following financial difficulties after the First World War, MFTR joined Danube operating cooperation in 1926, expanded in 1927. Its shares passed to the treasury and Hungarian State Railways in 1935–36. Shipping resumed in 1945, but the fleet transferred gradually to the Hungarian-Soviet MESZHART, founded in March 1946. Soviet withdrawal in 1954 preceded the Hungarian Shipping Company’s establishment on 1 January 1955.
After the communist period, MAHART became a holding company with separate activities. Ocean shipping ended in 2003, the Free Port company became a public limited company, and river freight was privatised as DDSG Duna-Cargo in 2004. Lloyds also reports bankruptcy in 2000, without reconciling it with subsequent entries. The source separately records DTRT in 1936–64, Cenam as an operating company, an AMAL interest and Balatoni Hajózási as subsidiary.
Hungary, Budapest.
Keep the explicit scope label independent; no alias or company identity is inferred.