Frontline plc.

Good day and thank you for standing by. Welcome to the Q1 2024 Frontline PLC Earnings Conference Call and Webcast. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 and 1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1 and 1 again. Please note that today's conference is being recorded. I would now like to give the conference over to your CEO, Mr. Lars Fastad. Please go ahead.

Thank you very much, they're all. Thank you for dialing in to compliance quarter earnings call.

The first quarter of 2024 was to a large degree tainted by the security situation for the passage between the Red Sea and the Gulf of Yemen. Sorry, the Gulf of Aden, in fact. There are still charters insisting and owners willing to collect region, ignoring the security for the seafarers. But we, as frontline, we simply don't. The highlights of Q1 of 2024 was that all the Euronav vessels are now sailing under the frontline flag. And as we progress into 2024, we will take the full advantage of having a fleet of 41 modern, low-consuming, VLCCs in addition to our efficient SUSE MAX and LR2 fleets. Utilization seems to be edging higher on all asset classes, but again, the LR2s are the ones to shine. Before I give the word to Inge, here are TC numbers on slide three in the deck. So in the first quarter of 2024, Frontline achieved $41,100 per day on our VLCC fleet, $5,800 per day on our SUSEMax fleet, and $54,300 per day on our LR2 slash AFMAX fleet. LR2s have been yielding VLCC numbers in the quarter, as this segment has been affected the most by the disruptions in the SUSE canal passages. The SUSEMax is actually called that for a reason. Hence, the change in flows has forced that is set to new trading patterns during the quarter. So far in the second quarter of 2024, 78% of our VLCC days are booked at $60,400 per day. 73% of our SUSE max days are booked at $46,400 per day, and 72% of our LO2 slash Afra max days are at the very firm $64,700 per day. Again, all these numbers in the table are on a low-to-discharge basis, and they will be affected by the amount of ballast days we end up having at the end of Q2. I'll now let Inge give the financial highlights.