CMA CGM upgrades Red Sea service in collaboration with Folk Maritime
NewsThe weekly service will provide two vessels catering to cargo transshipping from both Jeddah Islamic Port Terminals Red Sea Gate Terminal and DP World Jeddah.
New shipping company established in Saudi Arabia
With a strategic focus on connecting markets previously untouched, Folk Maritime charts a course for increased trade and connectivity in the Middle East.
A new chapter in Saudi Arabia’s maritime industry unfolds as Folk Maritime embarks on its maiden voyage.
Led by industry veteran Poul Hestbaek, well known for his leadership at Maersk’s Hamburg Sud, the Riyadh-based container shipping company aims to revolutionize regional shipping with its feeder vessel and short-sea services.
The company’s initial services comprise the Port Sudan Service (PSS), with a 700 TEU vessel sailing every two weeks between Jeddah and Sudan. Also, the North Red Sea Service (NRS) operates with two 2,500 TEU vessels weekly, linking Jeddah, Neom, Ain Sokhna, Aqaba, Yanbu, and Jeddah.
With a strategic focus on connecting ports and markets previously untouched, Folk Maritime charts a course for increased trade and connectivity in the Middle East.