Bahri

What Bahri does

Bahri (The National Shipping Company of Saudi Arabia) is a publicly-traded maritime transportation and logistics conglomerate headquartered in Riyadh, Saudi Arabia, organized into six business units: Bahri Oil (the world's largest VLCC fleet operator with 50 vessels serving Saudi Aramco and global oil majors), Bahri Integrated Logistics (a top 10 global breakbulk carrier with 8 multipurpose vessels and multimodal forwarding), Bahri Chemicals (an 80/20 JV with SABIC, the largest chemical tanker operator in the Middle East with 33 vessels), Bahri Dry Bulk (a 60/40 JV with ARASCO operating 13 carriers), Bahri Ship Management (technical management for 100+ vessels), and Bahri Marine (floating desalination producing 150,000 cubic meters/day for Saudi Water Authority under a 20-year agreement). The total owned fleet of 104 vessels (15.3 million DWT, plus 3 chartered) serves 150+ ports globally, and Bahri is publicly listed on Tadawul under ticker 4030 with sovereign ownership from PIF (22.55%) and Saudi Aramco Development Co. (20%).

Name

Bahri

Legal name

The National Shipping Company of Saudi Arabia

Website

https://bahri.sa

Company type

Public

Founded year

1978

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Bahri (The National Shipping Company of Saudi Arabia) is a publicly-traded Saudi maritime conglomerate operating the world's largest VLCC fleet (50 vessels), plus chemical tankers, dry bulk, breakbulk logistics, ship management, and floating desalination for enterprise clients and government entities globally.

Ownership category

akta.pro rank

Product category

Maritime Shipping and Logistics Services

NAICS

Ship Building and Repairing (336611)

SIC

Deep Sea Foreign Transportation Of Freight (4412)

akta.pro primary industry

Liquid Bulk / Crude & Product Tanker Operators (VLCC/Suezmax/Aframax/MR) (TLADABAD)

akta.pro secondary industries

Crude Oil & Petroleum Products Tanker Transport (TLADALAA), Chemical & Petrochemical Tanker Transport (TLADALAB), Product Tanker Shipping (Clean/Dirty) (EUALADAH)

Keywords

• VLCC crude oil transportation
• Chemical tanker shipping
• Maritime logistics services
• Dry bulk shipping
• Fleet management services

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices20 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. VLCC Crude Oil Transportation: Bahri Oil operates 50 VLCCs providing crude oil transportation services, including exclusive VLCC transportation for Saudi Aramco CIF sales. Revenue generated through COAs, time charters, and spot voyages. Q1 2026 revenue reached SAR 3.74 billion.
2. Chemical and Product Tankers: Bahri Chemicals operates 33 chemical and product tankers serving global customers. Revenue from long-term COAs, time charters (12 vessels), and spot contracts. Q1 2026 revenue of SAR 796 million.
3. Integrated Logistics Services: Freight forwarding, warehousing, customs clearance, cargo handling, and multimodal transport services. Top 10 global breakbulk carrier with 8 multipurpose vessels operating regular liner services.
4. Dry Bulk Transportation: Bahri Dry Bulk operates 13 dry bulk carriers under long-term contract with ARASCO, transporting approximately 1.3 million tons of cargo per annum. Q1 2026 revenue of SAR 96 million.
5. Floating Desalination Services: Bahri Marine operates three floating desalination barges producing 150,000 cubic meters per day of high-quality drinking water under 20-year agreement with Saudi Water Authority.
6. Equity Interests: Non-controlling equity interests in Petredec Group (LPG shipping and trading), National Grain Company (grain handling terminal), and International Maritime Industries (shipbuilder).

Pricing tiers

Go-to-market motion4 records

Distribution channels5 records

Marketing channels5 records

Core offering

Bahri operates a diversified maritime transportation and logistics platform organized into six business units: Bahri Oil (VLCC crude oil transportation with the world's largest VLCC fleet of 50 vessels), Bahri Integrated Logistics (multipurpose breakbulk shipping and freight forwarding with 8 vessels), Bahri Chemicals (chemical tanker operations with 33 vessels, 80/20 JV with SABIC), Bahri Dry Bulk (13 dry bulk vessels under 60/40 JV with ARASCO), Bahri Ship Management (technical management for 100+ vessels), and Bahri Marine (floating desalination barges producing 150,000 m³/day of drinking water for the Saudi Water Authority).

Product overview

Bahri is a diversified shipping and logistics conglomerate operating as a platform of six distinct business units. The core offering comprises Bahri Oil (VLCC crude oil transportation with 50 vessels), Bahri Integrated Logistics (multipurpose/breakbulk shipping with 8 vessels), Bahri Chemicals (chemical tanker operations with 33 vessels), Bahri Dry Bulk (dry bulk carrier services with 13 vessels), Bahri Ship Management (technical fleet management for 100+ vessels), and Bahri Marine (floating desalination services). Supporting these are digital tools including the iSupplier Portal (Oracle Cloud-based supplier management) and vessel/container tracking systems. The total owned fleet stands at 104 vessels with additional chartered capacity, serving 150+ ports globally.

Differentiator

Problem solved

Functional benefit

Brands

• Bahri Oil: Crude oil transportation services, operates world's largest VLCC fleet
• Bahri Integrated Logistics
• Bahri Chemicals
• Bahri Dry Bulk
• Bahri Ship Management
• Bahri Marine

Products and services

• Bahri Oil (VLCC Crude Oil Transportation) Crude oil transportation services using one of the world's largest independently owned VLCC fleets with 50 vessels and 15.3 million DWT capacity. Serves as exclusive VLCC carrier for Saudi Aramco's CIF sales and manages global load programs to USA, NW Europe, China, India, Singapore, Japan, Korea, Taiwan, and Red Sea ports.
• Bahri Integrated Logistics Global top 10 breakbulk carrier offering multimodal transport, freight forwarding, warehousing, customs brokerage, and project cargo logistics. Operates 8 multipurpose RoRoConPlus vessels on regular liner services between North America, Europe, Mediterranean, Middle East, India, South Africa, and South America.
• Bahri Chemicals Largest owner and operator of chemical tankers in the Middle East (80/20 joint venture with SABIC), operating 33 chemical and product tankers including IMO 2 and IMO 3 medium-range chemical tankers with 1.7M DWT capacity. Serves 150 ports globally with long-term COAs and spot contracts for liquid chemicals, clean petroleum products, and vegetable oils.
• Bahri Dry Bulk Premier dry bulk carrier in Saudi Arabia (60/40 joint venture with ARASCO). Operates 13 dry bulk vessels transporting grains, coal, iron ore, and barley from North and South American ports to Saudi Arabia, approximately 1.3 million tons per annum under long-term contract.
• Bahri Ship Management Technical and operational ship management services for Bahri's fleet of 100+ vessels across VLCC, chemical/product, RoRo, dry bulk, and multipurpose fleets. Includes crew management, procurement, newbuild supervision, security, and administrative services delivered by 4,000+ maritime professionals, with third-party management for external owners such as Folk Maritime.
• Bahri Marine (Floating Desalination Services) Operates three floating desalination barges producing 150,000 cubic meters per day of high-quality drinking water using advanced RO technology. Holder of two Guinness World Records for the largest floating desalination plant. Delivered under a 20-year BOO/BOT agreement with the Saudi Water Authority.
• Bahri Logistics Online Services Online logistics tools for daily tracking of Bahri Logistics vessels, container specifications, freight forwarding quote requests, master schedules, and service line routes for shippers and cargo owners.

Quantifiable outcome

• Reduced fuel consumption by 40% with modern VLCCs compared to predecessors
• +4 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability5 records

Feature5 records

Partnerships

16 partnerships are on record, tiered minor, strategic and core.

• DHT Jaguar (and other VLCC owners)minorChannel Partner/ Reseller/ Distributor · 25 February 2026Bahri provisionally chartered at least five very large crude carriers (VLCCs) including DHT Jaguar at $208,000 per day to transport oil from Middle East to Asia during period of high freight rates and geopolitical tension.
• AlKhorayef Commercial CompanyminorStrategic or Co-development Partner · 11 February 2026Bahri Logistics signed agreement at World Defense Show 2026 to support localization of supply chains in defense and security sectors. The agreement enhances operational integration and efficiency of supply chain solutions within the Kingdom.
• SHAMAL CompanyminorStrategic or Co-development Partner · 11 February 2026Bahri Logistics signed agreement at World Defense Show 2026 to support localization of supply chains in defense and security sectors. The partnership leverages Bahri's extensive expertise in defense logistics as a strategic partner for Saudi defense and security sectors.
• Hadeed (Saudi Iron & Steel Company)strategicStrategic or Co-development Partner · 18 January 2026Bahri and Hadeed signed a Letter of Intent to explore potential cooperation in maritime transport to meet Hadeed's iron ore shipping needs. The collaboration may include development and construction of new vessels tailored to Hadeed's operational needs within the Kingdom.
• WAVE InitiativestrategicStrategic or Co-development Partner · 14 December 2025Bahri joined the WAVE (Waves of Asset Value and Ecosystem) initiative, a Collective Action Platform dedicated to achieving ocean regeneration. Launched by HRH Princess Reema Bint Bandar Al Saud, the initiative focuses on protecting marine ecosystems, reducing pollution, and promoting sustainable ocean use. Aligns with Bahri's ESG strategy and Saudi Vision 2030.
• S-Oil CorporationcoreStrategic or Co-development Partner · 16 October 2025Bahri renewed a 10-year Contract of Affreightment with S-Oil Corporation to transport minimum 70 million barrels of crude oil annually via VLCC from Arabian Gulf and Red Sea to Onsan, South Korea. This represents one of Bahri's most significant strategic agreements, ensuring predictable revenue streams and fleet utilization. The partnership marks 20 years of collaboration.
• International Maritime Industries (IMI)coreStrategic or Co-development Partner · 1 October 2025Bahri announced the first order of six dry bulk carriers from IMI, marking Saudi Arabia's first large-scale shipbuilding project. Vessels will be constructed at IMI's state-of-the-art shipyard in Ras Al-Khair. This supports Vision 2030 and the Saudi Inc. initiative for local supply chain development.
• LuberefcoreStrategic or Co-development Partner · 25 September 2025Bahri Chemicals signed its first Contract of Affreightment with Luberef to transport base oil produced in the Kingdom from local ports to destinations across the Arabian Gulf and west coast of India. Luberef is one of the world's leading suppliers of high-quality base oils and the only virgin base oil producer in Saudi Arabia.
• Mitsui & Co.strategicStrategic or Co-development Partner · 25 September 2025Bahri Chemicals secured a new chemicals COA with Mitsui & Co., marking the first COA concluded through Bahri's Singapore office which became operational in 2025.
• Capital Maritime & Trading CorpcoreStrategic or Co-development Partner · 1 September 2025Bahri completed its $1 billion acquisition of nine VLCCs from Greece-based Capital Maritime & Trading Corp. The deal expands Bahri's VLCC fleet to 50 vessels, making it the world's largest owner and operator of VLCCs. All vessels are scrubber-fitted and equipped with advanced energy-efficient technologies.
• SABICcoreStrategic or Co-development PartnerBahri Chemicals is an 80/20 joint venture between Bahri and SABIC. Originally serving SABIC as single client, Bahri Chemicals has evolved to serve an increasing portfolio of global clients. The joint venture represents 30 years of collaboration in chemical transportation.
• ARASCO (Arabian Agricultural Services Company)coreStrategic or Co-development PartnerBahri Dry Bulk is a 60/40 joint venture between Bahri and ARASCO. The 13 dry bulk vessels operate under long-term contract with ARASCO transporting approximately 1.3 million tons of cargo per annum from North and South American ports to Saudi Arabia.
• Petredec GroupminorStrategic or Co-development PartnerBahri holds non-controlling equity interest in Petredec Group, a leading liquefied petroleum gas (LPG) shipping and trading company.
• National Grain CompanyminorStrategic or Co-development PartnerBahri holds non-controlling equity interest in National Grain Company, which operates a grain handling terminal in Yanbu, Saudi Arabia.
• International Maritime IndustriescoreStrategic or Co-development PartnerBahri holds non-controlling equity interest in International Maritime Industries (IMI), Saudi Arabia's advanced shipbuilding facility at Ras Al-Khair.
• Folk MaritimeminorStrategic or Co-development PartnerBahri Ship Management expanded capabilities to include third-party ship management services through an agreement to manage vessels for Folk Maritime.

Scale indicators16 records

Recent moves13 records

Expansion highlights7 records

Direct peers

• Frontline: Frontline is one of the world's largest publicly listed VLCC and Suezmax tanker operators, directly competing with Bahri Oil in global crude oil transportation. Its pure-play crude tanker fleet and exposure to identical freight rate dynamics make it the closest direct peer.
• DHT Holdings: DHT Holdings is a pure-play VLCC owner-operator listed in New York with a fleet of ~20 VLCCs, directly competing with Bahri's 50 VLCCs for spot and COA crude oil transportation business globally.
• International Seaways: International Seaways operates a diversified fleet of VLCCs, Suezmaxes, and Aframax tankers, overlapping directly with Bahri Oil's crude tanker franchise across global load and discharge regions.
• Scorpio Tankers: Scorpio Tankers is one of the largest publicly listed product and crude tanker operators with a mix of MRs, LR1s, LR2s, and VLCCs, competing with both Bahri Oil and the product tanker portion of Bahri Chemicals.
• Euronav: Euronav operates a large VLCC and Suezmax fleet and recently merged with Frontline, making it a direct historical peer in the crude tanker spot and time-charter markets that Bahri Oil serves.
• Teekay Corporation: Teekay is a publicly listed tanker operator with exposure to VLCC, Suezmax, and product tankers as well as offshore and FPSO segments, making it broadly comparable to Bahri's diversified maritime platform.
• TORM: TORM is a Danish-listed product tanker operator with one of the largest MR fleets in the world, comparable to the product tanker component of Bahri Chemicals' 33-vessel fleet serving petrochemical and clean petroleum product trades.
• Odfjell SE: Odfjell is a Norwegian chemical tanker operator with a global stainless-steel parcel tanker fleet, directly comparable to Bahri Chemicals' IMO 2/IMO 3 chemical tanker operations serving SABIC and other petrochemical customers.
• Stolt-Nielsen Limited: Stolt-Nielsen operates the world's largest parcel tanker fleet for chemicals and edible oils, directly comparable to Bahri Chemicals' chemical transportation segment serving global petrochemical producers.

Broad incumbents

• COSCO Shipping Holdings: COSCO Shipping is a Chinese state-owned shipping giant with exposure to tankers, container, dry bulk, and terminals. While much broader than Bahri, its state-backed national carrier structure and global scale provide a comparable diversified maritime platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/onebahri
• YouTubeyoutube.com/user/bahriupdate
• Facebookfacebook.com/onebahri
• LinkedInlinkedin.com/company/bahri
• Instagraminstagram.com/onebahri

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries10 records

Funding overview

Funding rounds3 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bahri