Bahri owns and charters a diverse fleet of vessels to transport crude oil, chemicals, clean petroleum products, dry bulk, breakbulk, roll-on/roll-off and container cargo, as well as providing end-to-end logistics solutions. With a global presence and Saudi Arabia as our strategic hub, we capitalize on the Kingdom’s key export and import activities to drive core operations.

We also aim to diversify into adjacent markets where we can leverage our knowledge and expertise, including the operation of mobile seawater desalination barges that launched in 2024, along with equity investments in associated companies.

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  • Operating assets

    • 93 owned vessels and 16 vessels on long-term leases
    • Two mobile desalination barges
    • In-house ship management organization
    • Leased warehouses and logistics hubs

    Financial capital

    • % 5.48 billion capital expenditure in 2024
    • % 26.6 billion total assets at end-2024

    Workforce

    • 771 full-time employees
    • 4,110 seafarers deployed on a contractual basis

    Partners

    • Customers and suppliers
    • Financial institutions
    • Regulatory authorities and governments
    • Shareholders, including PIF and Saudi Aramco
    • SABIC and ARASCO as equity partners in Bahri Chemicals and Bahri Dry Bulk, respectively
    • Associated companies Petredec, IMI and NGC

  • Revenue streams

    • Long-term and short-term Contracts of Affreightment
    • Spot contracts, mainly for return cargo / backhaul voyages
    • Chartering owned vessels to customers
    • Revenue from other contracts
    • Revenue from non-shipping logistics services
    • Contributions from associated companies

    Safe, reliable and cost-efficient operations

    • Vessel maintenance, dry-docking and upgrades
    • Fleet renewal with replacement of older vessels
    • Safety training, equipment, programs and policies
    • Regulatory compliance
    • Voyage planning and optimization

  • Financial results

    • % 2.17 billion net income
    • % 738 million cash dividends to be paid for fiscal year 2024
    • 18% return on equity

    Business expansion

    • 15 vessels acquired, with 11 of these in operation
    • Two desalination barges and one bonded zone facility in operation

    Economic value-added

    • 769 million barrels of crude oil, 21.5 million tons of chemicals and clean petroleum products, 6.3 million tons of dry bulk cargo and 1.5 million cubic meters of breakbulk and RoRo cargo transported
    • % 5.43 billion cash spending injected in the economy
    • Additional 93 full-time employees hired

    Operational performance

    • Zero fatalities and zero oil spills
    • 0.42 per million work hours lost time injury frequency rate
    • Zero port detentions with 0.58 deficiency findings per port inspection
    • 494 kg CO2e per nautical mile greenhouse gas emissions
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