Tanker owner Bahri has booked a smaller first quarter profit.
The Saudi Arabian owner recorded net income of SAR 378.9m ($101m) in the opening three months of 2017, down from $612.9m 12 months ago.
Bahri said a weaker spot market and higher fuel costs contributed to the fall in its bottom line.
Revenue slipped only marginally from SAR 1.96bn to SAR 1.94bn
