Bahri charters 5 VLCCs: Report

25/02/2026 Argaam

The National Shipping Company of Saudi Arabia (Bahri) has provisionally hired at least five very large crude carriers (VLCCs), in a move that reinforces demand for this vessel segment, Bloomberg reported.

 

The move comes amid a notable rise in VLCC charter rates, supported by improving freight earnings and stronger market demand.

 

The five tankers are expected to transport crude cargoes from the region to Asia in the coming weeks, according to vessel-tracking data and shipbroker reports.

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