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Trieste eyes Budapest

Trieste - Austria and Germany are not the only countries within the framework of European relations that the chairman of Port of Trieste’s ADSP, Zeno D’Agostino has drawn. Trieste is also counting on Budapest, which is turning into its main market in the container-rail segment

Trieste - Austria and Germany are not the only countries within the framework of European relations that the chairman of Port of Trieste’s ADSP, Zeno D’Agostino has drawn. Trieste is also counting on Budapest, which is turning into its main market in the container-rail segment. From Trieste’s container terminal at Dock VII, seven paired train convoys per week depart for Budapest: “And we expect to further increase the service,” D’Agostino pointed out, “because the Hungarian market calls for it. Among our intermodal link services, this one has been the most successful.” So the eastern Italian port sees great business opportunities in its trade relations with Hungary.

The return connection that departs in the early afternoon from Trieste’s Marine Terminal and reaches Budapest-Mahart at 10am the next day, was launched in 2015, with a weekly frequency of two roundtrips. The link quickly became popular, increasing to 4 and then to seven pairs of trains per week. Traffic volumes confirm it: in the year it was launched nearly 4000 TEUs were carried over the intermodal service to Hungary’s capital overlooking the Danube; this has reached 20,000 TEUs in just the first eight months of this year.

Overall, freight traffic results have shown an excellent performance. Total volumes for the January-August period grew by 2.80% over the same period in 2016, with 40,259,140 tonnes of handled goods. The container segment has had double-digit growth (+ 22% with 402.899TEU), the various goods segment rose by 12.75%, while the RO-RO segment saw a 3.78% rise, with 198,160 units transported.

Rail freight traffic at the port has steadily increased, with 5,537 formed convoys, a 14.61% increase over the same period in 2016, with projections pointing to about 9,000 train convoys by the year’s end.

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