Founded in 1978 as the National Shipping Company of Saudi Arabia, Bahri has established itself as the Kingdom's leading shipping and logistics company and a global leader in maritime transportation. Headquartered in Riyadh, Saudi Arabia, we operate a fleet of 93 owned vessels, 16 vessels under long-term leases, and two floating seawater desalination barges as of December 2024. We are also recognized as one of the world's largest owners of Very Large Crude Carriers (VLCCs).

Our diversified operations span a wide range of services, including the transportation of crude oil, refined products, chemicals and dry bulk and breakbulk cargo, and the purchase, sale, chartering and operation of ships in support of this. Additionally, we provide integrated logistics solutions such as freight forwarding, warehousing, cargo clearance and stowage and contract logistics. In 2024, we further diversified our portfolio by entering the seawater desalination industry with the operation of two mobile desalination barges.

Our business activities are organized across four business units – Bahri Oil, Bahri Chemicals, Bahri Integrated Logistics and Bahri Dry Bulk – supported by the Bahri Ship Management shared service platform. A fifth business unit, Bahri Marine Services, entered its start-up phase in 2024.

Bahri also owns non-controlling equity interests in Petredec Group, a leading liquified petroleum gas shipping and trading company, National Grain Company which operates a grain handling terminal in Yanbu, Saudi Arabia, and Saudi shipbuilder International Maritime Industries.

Driven by a team of over 4,800 professionals across our onshore and offshore operations, Bahri is deeply committed to advancing Saudi Vision 2030, transforming the Kingdom into a strategic regional shipping hub and logistics gateway, and remaining a vital and responsible leader in the global supply chain.

Our Vision and Mission

Vision

Vision

To create value and share prosperity by connecting economies through excellence in global logistics solutions.

Mission

Mission

To be the best service provider, operating to world-class standards. We are relentless in applying responsible business fundamentals.
We shall incorporate sustainable capabilities to provide fit-for-purpose solutions for our business partners and stakeholders, based on our values, to achieve mutual benefit.

2024 Highlights

Well positioned for resilient, value accretive growth

Financial highlights

Net profit rose to

% 2.17 billion

the highest in Bahri's 46-year history

Revenue reached a record

% 9.48 billion

Capital expenditure of

% 5.48 billion

for fleet modernization and expansion

USD 756 million

Murabaha financing to partly fund fleet investment

Operational highlights
  • Acquired 15 vessels, of which 11 became operational in 2024, and divested 6 older vessels. Long-term charter-ins increased to 16 vessels. In all, the operated fleet expanded to 109 vessels at end-2024 from 98 a year ago.
  • Successful cargo volume expansion with double-digit growth in chemicals (17% YoY), dry bulk (67%) and breakbulk/ RoRo (29%) cargo.
  • Commenced operations of two floating desalination barges, enhancing diversification of revenue streams.
  • Zero fatalities, zero oil spills and 270 voyages through the Red Sea / Gulf of Aden with no disruptions despite heightened geopolitical tensions.
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