Industry News
Bahri Q3 Profit Surges 891% Amid Record Middle East-China Tanker Rates
Saudi national shipping carrier Bahri posted a net profit of SR5.09 billion ($1.36 billion) for the third quarter of 2026, up 890.7% year on year. The performance was driven primarily by oil transport operations as tanker rates on the route from the Middle East Gulf to China hit an all-time high. Revenue for the period increased by 503.7% to SR14.83 billion.
