A new shipping company has just launched in Saudi Arabia called ‘Folk Maritime’, offering feeder vessel and short-sea transportation services.
The line aims to offer non-vessel operating common carrier (NVOCC) services and create new trade lanes, ultimately offering comprehensive end-to-end shipping solutions.
Leveraging Saudi Arabia’s geographic advantage along the Red Sea, Folk Maritime’s strategic endeavours focus on elevating connectivity, optimising logistics efficiency, and reinforcing sector capabilities.
Folk Maritime has also committed to sustainable shipping, aligning with the International Maritime Organization (IMO)’s 2030 GHG emissions target.
The shipping firm announced its intention to improve global supply chain competitiveness and dependability through improved local and regional connections.
It is led by former Hamburg Süd CEO, Poul Hestbaek, who left Maersk in August 2023.
In July 2023, the Kingdom of Saudi Arabia ranked 16th in annual container throughput.