On 8th September, Folk Maritime Services Company, a
leading maritime provider supported by the Public Investment Fund and known for
its growing role in regional liner and feeder services, announced an exciting
new development. The company will launch a new liner service connecting Jeddah
Islamic Port in the Red Sea to two of India's largest commercial ports, Mundra
and Nhava Sheva. This new service, dubbed the India Red Sea Service (IRS), is
scheduled to commence in September and will feature a fleet of two vessels
operating on a 10-day round-trip schedule. Poul Hestbaek, CEO of Folk Maritime,
highlighted that this new route is designed to significantly boost bilateral
trade between Saudi Arabia and India. He emphasized that the service not only
aims to facilitate smoother and more efficient shipping but also reflects Folk
Maritime’s strategic goal of becoming a leading maritime service provider in
the region. This initiative underscores the company’s commitment to expanding
its network and enhancing trade connections between these critical economic
hubs.

