Riyadh – Sharikat Mubasher: Folk Maritime Services Company, a PIF company and one of the region’s emerging leaders in providing regional liner and feeder services, 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, according to the company’s press release.

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 in 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 shortly at Jeddah Islamic Port.