PIF’s Folk Maritime expands fleet with 3 new vessels

Folk Maritime Services Co., a PIF-owned subsidiary, announced the addition of three new vessels to its fleet.

The move is part of the company's strategic expansion program, to position the Kingdom as a global logistics hub, according to an official statement.

It said the three new vessels would be integrated into its operational activities to serve the shipping routes across the Red Sea, the Arabian Gulf, and the Indian Subcontinent, starting from next June.

The new additions are: M/V Folk Dammam (1,868 TEIJs), M/V Folk Yanbu (702 TEIJs), and M/V Folk Jubail (1,118 TEUs). They were registered under the Saudi flag at Jeddah Islamic Port.

The move underpins Folk Maritime’s strategic expansion program, which began with the first Saudi-flagged vessel M/V Folk Jeddah (1,868 TEUs) in September 2024 and continued with M/V Folk Jazan (2,015 TEUs) in April 2025.

Accordingly, the company's operational fleet now features eight vessels (five owned and three chartered).