Saudi Arabia’s main shipping firm, Bahri, is sending tankers through the Strait of Hormuz in coordination with the US military, as the kingdom boosts oil exports. Khalid Alhammad, president of Bahri Ship Management, confirmed four vessels crossed the waterway on Tuesday, part of a broader effort to maintain supply levels near prewar volumes. The transits occur despite increased Iranian attacks on shipping, with several Bahri vessels targeted in recent months.
Two company mariners were killed in Q3 incidents, CEO Ahmed Al Subaey noted. Bahri, formally the National Shipping Company of Saudi Arabia, plays a key role in supporting Aramco’s exports. The firm emphasizes continued transit is essential for energy flow.
The Gulf’s national carriers view Hormuz as unavoidable despite risks. The September attack on an alternative pipeline further underscored reliance on the strait. Saudi Arabia aims to raise market share in Asia while navigating a complex regional conflict.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing