Folk Maritime’s newly acquired container fleet is a testament to its strategic growth.
Featuring cutting-edge technology and sustainable design, these recyclable containers will bolster regional trade, optimize supply chains, and deliver unparalleled reliability
Saudi Arabia’s Folk Maritime Services Company has announced that it has signed a strategic agreement with Shanghai-based Yangshan Logistics Equipment Company to build 5,600 sea freight containers, as part of the Public Investment Fund’s efforts and expansion plans for its fleet of vehicles.
According to a statement by the company, under this agreement, Folk Marine will add 4,500 20-foot multi-purpose containers and 1,100 40-foot high-roof containers to its fleet. All containers are fully recyclable, reflecting the company’s commitment to environmental responsibility and supporting Saudi Arabia’s vision for a more sustainable future.
The statement said that the containers have been equipped with advanced technologies including the latest Internet of Things (IoT) monitoring technology, as part of Folk Maritime’s expansion plans, and will be applied across the dry container fleet.
Improving operational efficiency
The integration of these advanced technological solutions will contribute to improving operational efficiency and enhancing safety, by providing real-time location updates, in addition to contributing to improving routes across trade corridors and reducing delays. They also include geo-fencing and tampering detection technologies, which prevent unauthorized access, ensuring the safety of goods.
The statement
The statement said that the containers have been equipped with advanced technologies including the latest Internet of Things (IoT) technology for monitoring, as part of Fulak Maritime’s expansion plans, where these technologies will be applied across the dry container fleet.
Geo-fencing technologies
It also includes Geo-fencing and tampering detection technologies, which prevent unauthorized access, ensuring the safety of goods.
Significant achievement for Folk Maritime
Paul Hestback, CEO of Folk Maritime, emphasized the importance of this step, saying: “This investment is of particular importance as it is a significant achievement for Folk Maritime in terms of its expansion plans for its container fleet, and will contribute to strengthening our leading position and key role in providing logistics infrastructure in Saudi Arabia.
The first containers of their kind, which will carry the Folk Maritime brand, will provide an opportunity to provide better services to the commercial sector and provide direct support to exporters and importers across the region.”
Vision 2030
“Through this fleet, we will provide cargo owners with clarity and real-time visibility, which will enhance operational efficiency. By operating our own containers to meet our customers’ needs, we look forward to providing comprehensive shipping solutions and establishing direct relationships with cargo owners in the region. Our efforts are in line with Saudi Arabia’s ambitions to become a leading global logistics hub, in line with Vision 2030,” he added.
Develop the supply chain
These containers, equipped with the latest advanced technologies, will allow us to improve and develop the supply chain and achieve reliability on a large scale, in line with our goal and efforts to enhance regional trade. This achievement represents a qualitative leap, as we seek to enhance our growing regional position in the field of maritime logistics services,” added Mohamed Badawy, Chief Operating Officer of Folk Maritime.
The fleet of containers features
The new containers are designed to meet the stringent requirements of international shipping, improving cargo capacity and facilitating efficient transportation, according to information released today.
The fleet of containers features bamboo flooring, which is highly durable to ensure a long life cycle. In addition, each container undergoes inspection, certification and licensing procedures by globally recognized classification companies to ensure adherence to the highest standards of quality and reliability.
Folk Maritime Services, a PIF company,
Folk Maritime Services, a PIF company, was launched in 2024 with the mission to connect regional ports seamlessly and catalyze trade across the Middle East and East Africa.Folk Maritime is creating new trade lanes and delivering end-to-end shipping solutions. They connect key transshipment routes in the Arabian Gulf, Red Sea, and beyond by delivering cost-effective and efficient logistics services that drive transformational trade growth.
Strategy of Folk Maritime
Strategy of Folk Maritime is aligned with Saudi Arabia’s Vision 2030 to become a global logistics hub, underlining the Kingdom’s premier position in leading multiple high-growth industrial sectors. They are addressing the ‘white space’ in the region’s maritime sector by offering the first-of-its-kind feeder and regional liner services.
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