Frontline plc.

To raise your hand during Q&A, you can dial star 1 1. The conference will begin shortly. To raise your hand during Q&A, you can dial star 1 1.

Ladies and gentlemen, thank you for standing by and welcome to KEY 2022 Frontline Limited conference call. This time all the participants are in list and holding mode. After the speaker presentation, there will be a question and answer session. To ask a question, you will need to press star 1 and 1 on your telephone. I would now like to end the conference with the CEO, Lars Pasta. Please go ahead, sir.

Thank you very much. Good morning and good afternoon to everyone. Welcome to Frontline's second quarter earnings call. As mentioned in our release, this is the quarter where the LR2s took center stage. The market tends to forget that close to a third of our vessel days come from this asset class. We started to see the displacement of Russian crude and products also affecting the sous maxis during the second quarter. And finally, the VOCC got a pulse as the second quarter came to an end. Before we get to the Q2 financials and what lays ahead, let's have a look at the highlights on slide three in the deck. So in the second quarter, Frontline achieved $16,400 per day on our VLCC fleet, $6,500 per day on our SUSEMAX fleet, and a very impressive $38,600 per day on our LR2-AFRAMAX fleet. So far, in the first quarter of 2022, we have booked 73% of our VLCC days at $28,100 per day, 73% of our SUSEMax days at a solid $45,000 per day, and 62% of our LR2-AFROMax days at even more impressive $46,200 per day. All numbers in this table are on a low to discharge basis and may be affected by the amount of ballast days we end up having at the end of Q3. This is more relevant to the VLCCs that normally tend to go on the longer voyages. It occasionally affects tourism access and to a lesser degree LR2s. With that, I'll now let Inger take you through the financial highlights.