United Petroleum Equipment Pte. Ltd.
Recently, Saudi Arabia welcomed a new container shipping company - Folk Maritime. Headquartered in Riyadh, it will operate two routes on the Red Sea from Jeddah, connecting Saudi Arabia with other major ports on the Red Sea and providing services to the Middle East and surrounding regions.
Hestbaek's management team includes CCO Saleem Kadernani, Chief Financial Officer Khalid Fawzi and Chief Human Resources Officer Abdulrahman Alshangiti.
The first route: Port Sudan Service (PSS) operates a 700 TEU container ship between Jeddah and Sudan every two weeks;
The second route: North Red Sea Service (NRS) will deploy two 2,500 TEU container ships to shuttle between Jeddah, Nimes, Ain Sohina, Aqaba, Yanbu and Jeddah every week. between.
By deploying these specialized vessels, Folk Maritime fills a critical gap in the market and is expected to provide more frequent and direct shipping routes, significantly reducing transit times and costs for businesses in the region.
