26 February 2024, Riyadh, Saudi Arabia – Folk Maritime Services Company (Folk Maritime) officially launches as Saudi Arabia’s first and leading independent feeder and short-sea shopping operator.

26 February 2024, Riyadh, Saudi Arabia – Folk Maritime Services Company (Folk Maritime) officially launches as Saudi Arabia’s first and leading independent feeder and short-sea shopping operator.With a strong dedication to operational excellence and efficiency, and a cost-effective and customer-centric approach, Folk Maritime is set to become a critical player in the market and help to strengthen the logistics sector in the Red Sea, Arabian Gulf and beyond.

Poul Hestbaek, Folk Maritime CEO, commented:

“The inauguration of Folk Maritime, Saudi Arabia's pioneering feeder operator, is a moment of pride, and I'm privileged to serve as its CEO.Enthusiastic about the prospects that lie ahead, we aim to bring new positive energy to the feeder and regional shipping scene with a steadfast focus on efficiency, sustainability, and cost competitiveness.”

As a new operator in the regional market, Folk Maritime is ideally positioned to deliver on Saudi Arabia’s vision of becoming a global logistics hub and deliver a more cost-effective environment for mainline shippers. The company plans to leverage the strategic geographical location of the Kingdom, which sits at the heart of global maritime trade, to tap into multiple international markets and rapidly amplify the potential benefits for the regional shipping sector.With immediate plans to expand routes across the service network, Folk Maritime will build reliability and resilience into the global supply chain, supporting the continuous flow of international trade.