Saudi Tanker Giant Bahri Snaps Up Ships as Rates Near $200,000 a Day

Saudi Arabia’s biggest oil shipper provisionally hired at least five supertankers, adding to demand for the giant ships at a time when their booking costs are soaring.

By Alex Longley, Weilun Soon · Bloomberg Markets

Saudi Arabia’s biggest oil shipper provisionally hired at least five supertankers, adding to demand for the giant ships at a time when their booking costs are soaring.