Frontline plc.

Good day and thank you for standing by. Welcome to the Q3 2024 Frontline PLC Earnings Conference Call and Webcast. All participants will be in listen-only mode during this conference. 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 have the conference over to your speaker, Mr. Lars Bostad, CEO. Please go ahead.

Thank you very much, Daryl, and thank you for dialing in to Frontline's quarterly earnings call.

Thank you, Marcus. Stocks don't move in a straight line. I believe the last months have told us that. We have previously argued we are in a period comparable to the 2002 to 2008 bull runs, although supply of tonnage driven rather than fueled by strong oil demand growth. That comparison still holds, I'd argue. And as an example, in November 2004, the market was said to be doomed, and we corrected more than 30%. The bull rally resumed a few weeks thereafter, and we were off for the skies again. For the same reasons, it's difficult to predict the bearish sentiment the bull runs are equally hard to call to. So before I give the word to Inger, I'll run through our TC numbers on slide three in the deck. In the third quarter of 2024, Frontline achieved $39,600 per day on our VOC fees, $39,900 per day on our SUSE maxes, and $36,000 per day on our LR2 slash FMR. So far in the third quarter, we've booked 77% of our VLTC days at $44,300 per day, 70% of our SUSEMAC days at $39,600 per day, and 60% of our LRQ slash AFROMAC days at $34,600 per day. And again, all numbers in this table are on a low-to-discharge basis with the implications of balanced days at the end. The market has not offered us the numbers we hoped for, but we are operating a decent margin still. With that, I'll let Inger take you through the financial highlights.