Empowering Maritime Growth with Fleet Expansion

FOLK Maritime Services Company, a PIF-backed organization and a rising force in regional liner and feeder services, has officially announced the acquisition of its second owned vessel—Folk Jazan. Registered at Jeddah Islamic Port, this acquisition represents a major step in advancing Saudi Arabia’s logistics and maritime capabilities, in alignment with Vision 2030. The move highlights FOLK Maritime’s commitment to becoming a vital contributor to the Kingdom’s emergence as a global logistics hub.

About the Vessel: Folk Jazan

Built in 2008 by Zhejiang Shipbuilding Co., China, Folk Jazan is designed to meet modern shipping standards with a nominal capacity of 2015 TEU. Its design optimizes operational flexibility and allows FOLK Maritime to scale its service network across strategic maritime routes. The vessel has already begun operations across the Red Sea and Arabian Gulf, strengthening regional connectivity and trade.

CEO’s Vision for the Future

Poul Hestbaek, CEO of FOLK Maritime, remarked, “The acquisition of Folk Jazan is a pivotal step in our strategic growth. 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.”

Strengthening Maritime Capabilities with Saudi-Flagged Vessels

Folk Jazan is the second Saudi-flagged container vessel owned by FOLK Maritime, following the acquisition of Folk Jeddah in September 2024. This move brings the company’s fleet total to six vessels, significantly reducing dependency on chartered ships and giving greater control over operations. The growing fleet allows FOLK Maritime to deliver more consistent and efficient services, enabling sustainable trade across the region.

Supporting Vision 2030 through Reliable Maritime Services

Launched in April 2024, FOLK Maritime has rapidly made its mark by offering regional liner and feeder services tailored to the unique needs of Gulf and Red Sea trade lanes. The acquisition of Folk Jazan underscores the company’s mission to contribute to Saudi Arabia’s economic diversification, enhance local supply chain resilience, and generate employment opportunities.

Conclusion: Sailing Ahead with Confidence

FOLK Maritime’s latest acquisition highlights not just a business expansion, but a national commitment to developing a world-class maritime sector. As Saudi Arabia continues to execute its Vision 2030, companies like FOLK Maritime are at the helm—driving forward innovation, infrastructure, and international trade capacity.