Folk Maritime Services Co., a PIF-owned subsidiary, announced the addition of three vessels to its fleet.
The move is part of the company’s strategic expansion program, to position the Kingdom as a global logistics hub.
In a statement, the company said the three new vessels would be integrated into its operational activities to serve the shipping routes across the Red Sea, the Arabian Gulf, and the Indian Subcontinent starting from next June.
The three container vessels are M/V Folk Dammam (1,868 TEIJs), M/V Folk Yanbu (702 TEIJs), and M/V Folk Jubail (1,118 TEUs). They were registered under the Saudi flag at Jeddah Islamic Port.
This latest acquisition builds upon Folk’s strategic expansion program, which began with the first Saudi-flagged vessel M/V Folk Jeddah (1,868 TEUs) in September 2024 and continued with M/V Folk Jazan (2,015 TEUs) in April 2025.
Accordingly, the company’s operational fleet includes eight vessels (five owned and three chartered).
Folk Maritime Services Co., a PIF-owned subsidiary, announced the addition of three vessels to its fleet.
The move is part of the company’s strategic expansion program, to position the Kingdom as a global logistics hub.
In a statement, the company said the three new vessels would be integrated into its operational activities to serve the shipping routes across the Red Sea, the Arabian Gulf, and the Indian Subcontinent starting from next June.
The three container vessels are M/V Folk Dammam (1,868 TEIJs), M/V Folk Yanbu (702 TEIJs), and M/V Folk Jubail (1,118 TEUs). They were registered under the Saudi flag at Jeddah Islamic Port.
This latest acquisition builds upon Folk’s strategic expansion program, which began with the first Saudi-flagged vessel M/V Folk Jeddah (1,868 TEUs) in September 2024 and continued with M/V Folk Jazan (2,015 TEUs) in April 2025.
Accordingly, the company’s operational fleet includes eight vessels (five owned and three chartered).
