Red Sea liner shipping newcomer Folk Maritime has continued to take vessels from the boxship charter market.

Container carrier operating margins worst in five years prior to Red Sea crisis
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The Saudi Arabian start-up, led by former Hamburg Sud boss Poul Hestbaek, has booked the 2,100-teu Jin Shun He (built 1997) for a 10 to 12-month charter at $18,500 per day, a price that reflects trading in the Red Sea.