National Shipping Company of Saudi Arabia (Bahri) has recorded lower earnings in the third quarter as spot rates fell.
The state tanker owner said it made SAR 318.37m ($84.88m) on a net basis to 30 September, from SAR 510.3m in the same three months of 2015.
It blamed a fall in spot rates year-on-year as well as a decrease in the company’s share of profit from its 30.3%
