Folk Maritime Expands Saudi Fleet with Three New Vessels to Power Vision 2030 Logistics Strategy
Folk Maritime Services Company has announced a major step forward in its domestic fleet development with the addition of three Saudi-flagged container vessels. The Folk Dammam, Folk Yanbu, and Folk Jubail will begin operations in the coming month, reinforcing the company’s strategic role in advancing Saudi Arabia’s Vision 2030 logistics ambitions.
Fleet Growth Aligned with Saudi Arabia’s National Maritime Ambitions
All three vessels are registered under the Saudi flag at Jeddah Islamic Port, signaling Folk Maritime’s growing commitment to self-reliant fleet ownership. The additions mark a deliberate pivot from dependency on chartered vessels to investing in sovereign shipping capacity.
Meet the New Vessels: Dammam, Yanbu, and Jubail
Specifications and Deployment Plans
- Folk Dammam – 1,868 TEUs
- Folk Yanbu – 702 TEUs
- Folk Jubail – 1,118 TEUs
These ships will be deployed across domestic and regional shipping routes over the next month to enhance connectivity, reliability, and throughput capacity.
CEO Statement: Reducing Charter Reliance, Investing in Sovereignty
“The addition of Folk Dammam, Folk Yanbu, and Folk Jubail to our fleet strengthens our ability to deliver efficient and reliable shipping solutions,” said Poul Hestbaek, CEO of Folk Maritime. “This expansion not only supports Folk Maritime’s ambitions to expand fleet capacity, but also reinforces our commitment to reducing reliance on chartered vessels and investing in Saudi-flagged assets. These efforts directly align with Vision 2030’s objectives to build a competitive, self-sufficient logistics sector.”
Fleet Status: 8 Vessels and Counting
Folk Maritime’s operational fleet now totals eight vessels, including five owned and three chartered. The latest expansion builds on the delivery of the Folk Jeddah (1,868 TEUs) in September 2024 and the Folk Jazan (2,015 TEUs) in April 2025.
Conclusion: Saudi Maritime Sector Anchors Growth Through Strategic Assets
As Saudi Arabia doubles down on Vision 2030 logistics objectives, Folk Maritime is leading by example—growing its fleet, strengthening national capabilities, and building long-term value through Saudi-flagged maritime infrastructure. The company’s trajectory is clear: invest locally, operate globally.