Fast Red Sea shipping line linking 4 Saudi, regional ports: Folk Maritime tells Al-Eqtisadiah
JEDDAH: Shipping companies operating in the Red Sea are moving toward expanding their fleets, container capacity, and shipping routes amid heightened operational pressure on Saudi Arabia’s western coast ports, as maritime traffic in the Gulf remains disrupted due to geopolitical tensions in the Strait of Hormuz.
Raied Abuhimed, official spokesperson for Public Investment Fund-owned Folk Maritime, told Al-Eqtisadiah that the company is considering expanding its fleet and building additional containers to support future growth.
He noted that the company currently manages more than 9,000 containers, but rising demand is creating a stronger need for expansion.
The company has launched a fast-shipping line in the Red Sea linking the ports of Yanbu, Jeddah, Aqaba, and Ain Sokhna, with a voyage cycle of around 10 days. It currently operates three specialized vessels on its India route, with transit times ranging between 10 and 14 days depending on congestion levels and port delays, according to Abuhimed.
