Surging Tanker Rates Buoy Bahri Profit

Saudi Arabian shipping company Bahri posted a massive profit surge in the first nine months of 2026 driven by rising VLCC tanker freight rates, increased chartering, and fleet expansion, despite security incidents affecting some vessels. The company also secured a major contract for new VLCC builds extending its growth outlook to 2030.

This Wire brief sits within Fusion42's coverage of Logistics Tech.