Hungarian shipping company founded according to the Dutch newspaper Algemeen Handelsblad dated 14 April 1928

An item referred to tidings received from Budapest reporting that on short term the signing was to be expected between the Hungarian cabinet and the Cosulich shipping company at Trieste to found a Hungarian shipping company to be supported by the cabinet and in which Cosulich had shares. The ships were to be Hungary-flagged in first instance from Fiume towards the Levant and Egypt.