Folk Maritime Buys Second Containership

Saudi Arabian feeder ship operator, Folk Maritime, has purchased a second vessel, Folk Jazan, to help support the further expansion of its regional shipping networks. The vessel is initially being deployed on the company’s services within the Red Sea and the Arabian Gulf.

“The acquisition of Folk Jazan is a pivotal step in our strategic growth,” commented Poul Hestbaek, CEO of Folk Maritime. “This vessel not only expands our operational capabilities but also reinforces our commitment to supporting Saudi Arabia’s Vision 2030 by enhancing the Kingdom’s maritime infrastructure and contributing to its emergence as a global logistics hub.”

Folk Maritime’s second owned Saudi-flagged container vessel, following the acquisition of Folk Jeddah in September last year, is part of an expanding fleet now totalling six ships. Built in 2008 by Zhejiang Shipbuilding, Folk Jazan has a nominal capacity of 2015 TEU and, according to Folk Maritime, the vessel was selected as it “achieves a critical balance between capacity and operational efficiency, ensuring seamless and reliable service.”