National Shipping Co of Saudi Arabia 2024 AR2
The report highlights a landmark year of growth and strategic progress for Bahri in 2024, achieving its highest net profit in its 46-year history of 2.17 billion Saudi Riyals, a 34% year-on-year increase. The company expanded its operated fleet to 109 vessels, modernized its assets by acquiring 15 vessels, and successfully entered the seawater desalination industry with two mobile desalination barges. Bahri also achieved significant operational milestones, including zero fatalities, zero oil spills, and 270 safe transits through the Red Sea and Gulf of Aden despite geopolitical tensions. Furthermore, the company advanced its digital transformation and sustainability initiatives, reducing its direct greenhouse gas emissions intensity by 1%.
Company: National Shipping Co of Saudi Arabia
Sector: Transport & logistics
Country: Saudi Arabia
Year: 2024
Type: AR2
Pages: 97
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National Shipping Co of Saudi Arabia
Annual Report
The report highlights a landmark year of growth and strategic progress for Bahri in 2024, achieving its highest net profit in its 46-year history of 2.17 billion Saudi Riyals, a 34% year-on-year increase. The company expanded its operated fleet to 109 vessels, modernized its assets by acquiring 15 vessels, and successfully entered the seawater desalination industry with two mobile desalination barges. Bahri also achieved significant operational milestones, including zero fatalities, zero oil spills, and 270 safe transits through the Red Sea and Gulf of Aden despite geopolitical tensions. Furthermore, the company advanced its digital transformation and sustainability initiatives, reducing its direct greenhouse gas emissions intensity by 1%.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Workplace Fatalities
Net Zero Target
Employees