Saudi Arabia’s Bahri Expands Fleet with $1 Billion Acquisition

delivered by the end of the first quarter of 2025. This strategic purchase aligns with Bahri’s efforts to modernize its oil transportation fleet, currently composed of 40 VLCCs. The move is seen as part of the company’s broader initiative to enhance efficiency and sustainability by phasing out older vessels and replacing them with newer, more environmentally compliant alternatives. Bahri’s investment is likely to bolster its competitiveness in the global oil shipping market as the company responds to evolving regulations and industry trends favoring cleaner and more efficient vessels. This acquisition underscores Bahri’s ongoing commitment to expanding and upgrading its fleet to meet the demands of the global energy sector.