Folk Maritime buys its second owned container ship

Saudi container shipping company Folk Maritime Services Company announced the official purchase of its second owned vessel, Folk Jazan.

The boxship has already been deployed on the carrier’s routes throughout the Red Sea and the Arabian Gulf.

“The acquisition of Folk Jazan is a pivotal step in our strategic growth,” pointed out 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.”

Hestbaek added: “Folk Maritime’s strategic acquisition of its second owned Saudi-flagged container vessel, part of an expanding fleet now totaling six ships, significantly enhances the company’s operational flexibility and reduces dependency on chartered vessels. This acquisition underscores Folk Maritime’s swift advancement in strengthening Saudi Arabia’s maritime capabilities and supports the Kingdom’s 2030 Vision to emerge as a global logistics hub. The company’s fleet expansion, which began with the acquisition of ‘Folk Jeddah’ in September 2024, now operated out of Jeddah Islamic Port, further bolsters regional trade and showcases Folk Maritime’s commitment to scaling up its contributions to the regional economy.”

Built in 2008 by Zhejiang Shipbuilding Co. in China, Folk Jazan boasts a nominal capacity of 2,015 TEUs.

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