MAHART has successfully served the interests of the Hungarian economy since its establishment. Its history reflects the dramatic changes in the country throughout the past century. The company suffered serious losses from time to time, but always managed to survive in times of crisis. The increasingly unfavourable economic environment from the 1980s onwards, the disappearance of the Hungarian shipbuilding industry, the conflicts that hampered Danube shipping, the disintegration of traditional foreign trade relations and the end of state involvement led to a difficult period for our national shipping industry. MAHART PassNave Passenger Shipping Ltd. was established on 1 January 1994 as MAHART Hungarian Shipping Ltd. Privatisation was completed in 2008 and from 2013 the Hungarian State is again the majority owner..