Bahri... increase in VLCC fleet
Bahri Q1 net profit more than doubles
ANKARA, April 9, 2015
National Shipping Company of Saudi Arabia (Bahri), the exclusive oil shipper for Saudi Aramco, more than doubled its first-quarter net profit, according to a statement released today.
The company's profit for the three months to March 31 was SR399 million ($106.4 million) compared to SR195.1 million in the same period a year earlier, it said.
It attributed the rise to an increase in its fleet of very large crude carriers to 31 from 17, and full employment of its carriers during the quarter. - Reuters