National Shipping Company of Saudi Arabia (Bahri) has posted improved earnings in the first quarter as oil shipping activity increased.
The state-owned VLCC and chemical carrier specialist said net profit to 31 March was SAR 64.9m ($17.3m), up from SAR 43.6m in the same period of 2021.
This is a rise of 49% as the 104 vessels brought in revenue of SAR 1.6bn,
