Hungary News

13 Jun 2019

EIB to Invest in Sustainable Transport

Pic: EEAS - Europa EU

The European Investment Bank (EIB) approved a total of EUR 4.5 billion (USD 5bln) of new financing that will tackle investment gaps hindering private sector growth, including replacement of old buses and trains.The new EIB support will directly back projects in 23 countries, it said.The EIB agreed EUR 611 million of new financing to support energy transition, reduce carbon emissions and scale up renewable energy.This includes backing new solar power in Zambia and wind farms in Portugal…

10 Jun 2019

ICTSI Intros New Terminal in Croatia

Pic: International Container Terminal Services Inc. (ICTSI)

The Croatian subsidiary of International Container Terminal Services Inc. (ICTSI) at the Port of Rijeka, Adriatic Gate Container Terminal (AGCT) is set to realize a comprehensive expansion plan in the period up to mid-2020.AGCT, in cooperation with the Rijeka Port Authority,  has drawn up plans for a two-phase dredging scheme with the first phase fully-approved, entailing the dredging of 130 meters of quay over its Berths 1 and 2. This will facilitate the berthing of vessels with a length overall (LOA) of up to 400 meters.

07 Jun 2019

Most Victims Found in Hungary Collision, Search Goes On

Bodies of all but nine of the 28 victims of a deadly boat crash in the Hungarian capital have been recovered in an intensive search up and down the Danube involving units on water, air and land, Hungarian police said on Friday.The Mermaid, a pleasure boat carrying 33 South Korean tourists and two Hungarian crew, capsized and sank on May 29 after a large cruise liner struck it from behind as both vessels passed under a bridge in the centre of Budapest.Seven Koreans were saved and 19 bodies have been recovered so far in the worst accident in more than half a century on Europe's longest river. Among those still missing and presumed dead are the Hungarian captain and a Korean child.The recovery operation…

05 Jun 2019

Salvage of Sunken Budapest Boat Begins

Divers found a body in the wreckage of a pleasure boat on Wednesday a week after the vessel capsized and sank on the River Danube in Budapest, officials said, as crews prepared for salvage operations.An estimated 28 people died when the Mermaid boat, carrying 33 South Korean tourists and two Hungarian crew, went down on Wednesday last week after colliding with a cruise liner.Divers found one body in the wreckage on Wednesday morning, authorities said, hours after police found the remains of one of the Korean tourists 60km (37 miles) downstream - underlining the scale of the recovery operation.South Korean and Hungarian crews would start trying to secure the vessel to prevent the loss of bodies and prepare for a possible salvage…

03 Jun 2019

Rescuers Recover Body from Wrecked Budapest Boat

South Korean and Hungarian divers have recovered a body from the wreck of a tourist boat which sank last week in Budapest, national news agency MTI said on Monday, citing the Hungarian counter-terrorism unit running the rescue.Twenty-eight people are presumed dead in the accident - the worst river disaster in Hungary in more than half a century - when a pleasure boat carrying South Korean tourists capsized after crashing into a larger cruise ship.Reporting by Krisztina Than

03 Jun 2019

S. Korean Rescuers Begin Diving at Tourist Boat Wreck

South Korean divers began test dives on Monday morning around the wreck of a tourist boat in which at least seven people died last week, a Reuters cameraman at the scene reported.The divers were attempting to find a way to the wreck where many of the 21 people still listed as missing from the accident - the worst river tragedy in Hungary in more than half a century - were thought to have been pinned. (Reporting by Marton Dunai

31 May 2019

Cruise Boat Captain Denies Blame in Hungary Collision

The captain of a passenger cruiser that collided with a boat that capsized killing South Korean tourists on board denies having broken any rules or committing a criminal office, his lawyer said in a statement cited by state news agency MTI on Friday.Hungarian police said late on Thursday they had taken into custody the captain of the 440-foot (135-metre) cruise ship, which hit and sank the smaller pleasure boat. It was so far unclear what caused the accident.In the statement the lawyer said treating the 64-year-old Ukrainian captain as a suspect was "premature, at the moment not more than a theory" as experts' opinions were not yet available.Reporting by Krisztina Than

12 Apr 2019

HHLA Strengthens Intermodal Network

Image: Hafen Hamburg Marketing/Siemens

Metrans AS, a subsidiary of terminal operator Hamburger Hafen und Logistik AG (HHLA), has ordered ten Vectron MS locomotives from Siemens Mobility Czech Republic.The locomotives will be built at Siemens Mobility’s factory in Munich-Allach, and deliveries are scheduled from the end of 2019 until spring 2020. The locomotives will be operated in cross-border freight service in Central and Eastern European countries."It is our pleasure to expand the Metrans vehicle fleet by ten multisystem Vectron locomotives from Siemens Mobility.

04 Mar 2019

MOL: Growww Grad Program in Europe

Pic: MOL

Japanese shipping giant has urged graduates to apply for the latest edition of its award-winning talent acquisition program, Growww.The Growww 2019 offers fresh graduates a unique opportunity to kick-start their career in one of the largest corporations in Central Eastern Europe, said a press note from the global transport company.Through the program MOL aims to develop a new generation of industry experts, offering them an opportunity to learn and solve real-life business challenges…

12 Feb 2019

MOL, Total Make Refueling Europe Easier

Pic: MOL Group

Japanese logistics giant Mitsui O.S.K. Lines (MOL) and French multinational integrated oil and gas company Total S.A. signed an agreement which will make travelling across Europe easier for their corporate customers.The agreement provides for acceptance of MOL Group Cards by Total in its network of stations in France, Belgium, Luxembourg, The Netherlands and Germany. At the same time, the Total fuel cards will be accepted in the MOL’s and Slovnaft’s network of stations in Hungary…

22 Jan 2019

CADMATIC Revenues Up 29%

Photo: CADMATIC

CADMATIC reports strong growth and turnover figures for 2018: 29% growth resulting in record turnover of over $22.7m. During the same period, the company’s number of staff has increased to more than 140.With strong results also reported in 2017, the last two years have seen rapid growth at CADMATIC. Over the two-year period, its turnover has increased 45%, its number of personnel by 25% and the number of user organizations by 20%.In December 2018, the company headquarters in Turku, Finland moved to new premises across the Aurariver on Linnankatu 52.

02 Oct 2018

Antwerp Port-Europe Traffic Up

Pic: Port of Antwerp

Traffic flows between the Belgian port of Antwerp and the hinterland market in Hungary and Austria are increasing continuously. In order to meet the growing demand, the Antwerp Port Authority is promoting the expansion of hinterland connections, especially by rail.Two regular rail connections to Hungary have been established since 2015 and rail services to Austria have been expanded from one to currently three.At a port event held near Vienna on 27 September, leading representatives…

10 Jan 2017

Hungary Bans Shipping on Danube as River Freezes Over

Hungary has banned ships from the Danube as the river is freezing over and floating ice poses a risk, a spokeswoman for the General Directorate of Water Management said on Tuesday. The ban is effective from 1500 GMT between, Gabriella Siklos said, in a reply to Reuters questions.   (Reporting by Krisztina Than)

22 Aug 2018

Record Low Danube Hinders Shipping in Hungary

© Gudellaphoto / Adobe Stock

Water levels on the Danube dropped to record lows on three sections of the river in Hungary on Wednesday due to a recent drought, hindering passenger cruise ships and causing losses to freight shipping companies.In Budapest the Danube receded to 0.61 metres, just above the record low of 0.51 meters recorded in 2003, the National Water Authority said in a statement.Tourists and locals flocked to the bottom of the pillars of the historic Margaret bridge to capture a unique view of the Hungarian capital city from the riverbed…

08 Feb 2017

MOL Group Expands its Exploration Portfolio

Photo: MOL Group

MOL Group expanded its exploration portfolio by acquiring new licenses in Hungary and Norway. MOL acquired 6 new licences in the 4th bid round in Hungary, doubling its exploration acreage in the country. MOL Norge participated in the latest APA licensing round and acquired 4 licences in the Norwegian Continental Shelf, one of which with operatorship. These successes significantly contribute to the implementation of the MOL 2030 strategy. MOL has won 6 new licences in the fourth…

24 Feb 2017

MOL Group Eyes Talents for Its GROWWW Program

Pic: MOL Group

GROWWW, MOL Group’s award winning recruitment and development programme is looking for talents again in 2017. Fresh graduates and young professionals with up to one year experience who plan their career with one of the largest corporations in the Central Eastern European region will have a unique opportunity to pursue their goals. In line with the MOL Group 2030 strategy, the company looks to the future and aspires to provide the best and most desirable services to people on the move, and in order to achieve these goals, MOL Group needs new and open-minded talents more than ever.

03 Jul 2017

Trump to Promote US Natgas Exports in Russia's Backyard

President Trump (File photo: Gage Skidmore)

President Donald Trump will use fast-growing supplies of U.S. natural gas as a political tool when he meets in Warsaw on Thursday with leaders of a dozen countries that are captive to Russia for their energy needs. In recent years, Moscow has cut off gas shipments during pricing disputes with neighboring countries in winter months. Exports from the United States would help reduce their dependence on Russia. Trump will tell the group that Washington wants to help allies by making it as easy as possible for U.S.

23 Jul 2017

Europe to Build Ships of the Future

Photo: University of Limerick, Ireland.

A new European research project seeks to revolutionize the shipbuilding sector by replacing steel with composite materials for the construction of more efficient large length ships. FIBRESHIP is an ambitious project that will allow for the construction of light commercial vessels, passenger and leisure transport and oceanographic vessels more than 50 meters in length using fibre reinforced polymer (FRP) composite materials. It is one of the largest innovation projects funded by the EU with a budget of €11 million, of which €9 million is funded by the EU’s Horizon 2020 Programme.

20 Sep 2017

MV WERFTEN Delivers River Cruise Ship for Crystal

MV WERFTEN CEO, Jarmo Laakso, and Tom Wolber, President and CEO of Crystal Cruises (Photo: MV WERFTEN)

Just a few weeks after delivery of the Crystal Bach, shipbuilder MV WERFTEN has handed over the Crystal Mahler, the second of four Rhine Class ships for client Crystal River Cruises. After the ceremonial change of flags, the ship was christened at the outfitting quay of MV WERFTEN in Wismar. Like its sister vessel, the 135-metre long and 11.4-metre wide river cruise ship was specifically designed for exploring Europe’s rivers. It complies with the highest safety and navigation standards…

23 Sep 2017

MOL Group Seeks Startups Offering Innovative Solutions

North Sea block. Photo: MOL Group

MOL Group has announced a call for applications for startups with innovative solutions in the fields of mobility, loyalty marketing and big data, retail, as well as parcel delivery and distribution. The 3-month program, taking place in Budapest, in cooperation with the Hungarian incubation agency Design Terminal, is directed at startups whose solutions meet one of the objectives of MOL Group’s 2030 strategy: to become the first choice of customers on the move. MOL Group invites startups whose solutions are currently at developed incubation phase.

07 Feb 2018

EFIP Looks for a New Director

Image: ESPO

The European Federation of Inland Ports (EFIP) has announced the beginning of submission of applications for a new director post. The organization said the new EFIP Director will work at the European Sea Ports Organisation (ESPO)-EFIP Secretariat, which is based in Brussels. EFIP brings together nearly 200 inland ports and port authorities in 17 countries of the European Union and Switzerland. Additionally, EFIP also has observer members in Hungary, Serbia, Slovakia and Ukraine. EFIP highlights and promotes the role of European inland ports to the European institutions.

20 Mar 2018

Italy Seizes Ship that Picked up Migrants in Mediterranean

Italian authorities seized a charity’s ship on suspicion it had helped illegal immigration by picking up migrants in the Mediterranean instead of letting Libya’s coastguard take them back to North Africa, the aid group said. The Spanish charity Proactiva Open Arms picked up 218 migrants who were in unsafe rubber boats in international waters off Libya’s coast on Thursday, then took them to Sicily, the Italian coastguard said. A Sicilian court impounded the boat late on Sunday on suspicion that members of its crew had violated international agreements on handling migrants and helped illegal migration into Europe, the charity said. There was no immediate comment from the court in Catania.

21 Mar 2018

Tengizchevroil to Double LPG Export through Taman Port in 2018

Tengizchevroil (TCO), Kazakhstan's liquefied petroleum gas (LPG) producer and exporter, plans to raise propane and butane export through Russian port Taman in 2018 to 450,000 tonnes from 240,000 tonnes in 2017, traders said. TCO's shipments of LPG through Taman port will grow in March to about 40,000 tonnes from 27,000 tonnes in February, traders said. "TCO's LPG export through Taman port will go up to 40,000 from 20,000 tonnes per month (on average in 2017), with further growth possible," said a source in the port. OTEKO, the owner of Taman transshipment terminal, declined to comment and there was no response from TCO. International oil trader Vitol is responsible for supplying TCO's LPG via Taman terminal.

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