Saudi Arabia Established A New Container Shipping Line

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Mfame Editor
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  • Saudi Arabia established a new feeder and a short-sea shipping company.
  • The company operates two services in the Red Sea.
  • Folk Maritime is focusing on services in the Middle East and surrounding areas.

A new feeder and short-sea shipping company, Folk Maritime, has been established in Saudi Arabia. The company aims to connect Saudi Arabia with other key ports in the Red Sea region, reports Splash.

Leadership

Folk Maritime is led by Poul Hestbaek, a former Hamburg Süd executive, who assumed the role after departing from Maersk in August of the previous year.

Other key executives include Saleem Kadernani, former director at ARK Logistics & Maritime, serving as the chief commercial officer, Khalid Fawzi as the chief of finance, and Abdulrahman Alshangiti as the head of human resources.

Company Description

Folk Maritime is Saudi Arabia’s first dedicated feeder operator, focusing on services in the Middle East and surrounding areas.

Services

The company operates two services in the Red Sea, A pair of 2,500 teu feeders connecting Jeddah with Neom, Yanbu in Saudi Arabia, and Ain Sokhna in Egypt weekly.

A smaller 700 teu ship linking with Sudan every two weeks.

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Source: Splash

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