Saudi Shipper Bahri to Double Fleet in Expansion, CEO Says

Saudi shipping company Bahri plans to nearly double its fleet and expand its share of the country’s trade, as the Middle Eastern energy producer strengthens its economy by channeling more business through its national champions.

“We are at the cusp of an unprecedented expansion at Bahri,” Chief Executive Officer Ahmed Al-Subaey said in an interview. Bahri, formally called National Shipping Company of Saudi Arabia, is set to grow by capturing a larger share of business from the nation’s oil, chemicals and industrial companies, he said.