Riyadh, Saudi Arabia; August xx, 2024: Folk Maritime Services Company, a PIF company and one of the region’s emerging leaders in providing regional liner and feeder services, today announced the official purchase of its first owned vessel, M/V Folk Jeddah. The vessel will be registered at Jeddah Islamic Port and is intended to strengthen regional maritime connectivity.

The acquisition of its first modern Saudi-flagged container vessel by Folk Maritime marks a transformative step in Saudi Arabia's maritime capabilities by contributing to enhanced regional trade, and underlining the Kingdom’s ambition to be a global logistics hub.

Built 2023, Folk Jeddah features a modern design and several advanced sustainability and energy-efficiency features highlighting the company’s commitment to building its fleet to the highest standards.

The vessel will further enhance connectivity and strengthen the regional supply chain, in addition to creating jobs and supporting businesses. The 1,868 TEU container ship will enter service shortlly at Jeddah Islamic Port.

Folk Jeddah specifications:

-Capacity: 1,868 TEU

-Overall length: 172 meters

-Breadth: 27.50 meters

-Cargo carrying capacity: 18.000 ts

-230 reefer plugs for temperature-controlled cargo

-Built 2023 in Yangfan Shipyard, China