Dorian LPG Ltd.

Greetings and welcome to the Dorian LPG first quarter 2021 earnings conference call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. Additionally, a live audio webcast of today's conference call is available on Dorian LPG's website, which is www.dorianlpg.com. I would now like to turn the conference over to Ted Young, Chief Financial Officer. Thank you, Mr. Young. Please go ahead.

Thank you, Shamali. Good morning, everyone, and thank you all for joining us for our first quarter 2021 results conference call. With me today are John Hajbateris, Chairman, President, and CEO of Dorian LPG Limited, John LaQuiris, Chief Executive Officer of Dorian LPG USA, and Tim Hansen, our Chief Commercial Officer. As a reminder, this conference call webcast and replay of this call will be available through August 11, 2020. Many of our remarks today contain forward-looking statements based on current expectations. These statements may often be identified with words such as expect, anticipate, believe, or similar indications of future expectations. Although we believe that such forward-looking statements are reasonable, we cannot assure you that any forward-looking statements will prove to be correct. These forward-looking statements are subject to known and unknown risks and uncertainties and other factors, as well as general economic conditions. Should one or more of these risks or uncertainties materialize or should underlying assumptions or estimates prove to be incorrect, actual results may vary materially from those we expressed today. Additionally, let me refer you to our unaudited results for the period ended June 30, 2020, that were filed this morning on Form 10-Q. In addition, please refer to our previous filings on Form 10-K, where you'll find risk factors that could cause actual results to differ materially from those forward-looking statements. With that, I'll turn over the call to John Hajibateris.

Thank you for joining us today. It has been a challenging quarter, particularly in our mission to keep more than 500 seafarers safe while facilitating crew movements whenever and wherever possible. With COVID conditions and regulations fluctuating around the world, we have taken advantage of windows to move people off and their replacements onto our ships, observing the protocols which are mandated and more when considered necessary or desirable. Our legacy has held the seafarer at the core of our business. Indeed, we see seafarers as essential to the world economy. But during this pandemic, many of them have had to make sacrifices, some by extending their tour of duty and others by not getting back to work when they're ready. We have increased our focus and intensity in our efforts to ameliorate these hardships. Following our strong performance last fiscal year, the new year has begun positively and we remain optimistic. Concern about forward U.S. production volumes has waned to a large degree. We continue to strongly believe in LPG as an environmentally friendly fuel. Though we have witnessed and are prepared for further disruption, we do not see permanent demand destruction. Dorian LPG stands strongly positioned to service our customers and create shareholder value with our young echo fleet, a strong balance sheet, and ample liquidity. Our board continues to evaluate capital allocation options, including dividends, acquisitions, debt reduction, and stock buybacks. The format of our call today is a little different from previous calls. John LaCourse will focus on a subject that investors have been increasingly interested in and sensitive to, He will brief you on the company's environmental and energy efficiency profile and activities, as well as update you on our fleet and the world fleet. Fluctuating COVID conditions were not the only volatility we have been coping with during this quarter, and I'm introducing our CCO, Tim Hanson, who will review the seesaw of the spot market. Finally, Ted will present the quarter's financial results and recent events. John?