Dampskibsselskabet Ord (DPBSF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

no one that was published this morning. In the first part of the presentation, you'll be in a listen-only mode, which will be followed by a Q&A session. During the Q&A session, if you dial in by phone, you'll be able to ask questions verbally by pressing pound or hashtag followed by five on your phone's keypad. If you're watching this webcast online through a browser, you can ask your written questions in the chat below. Those questions will not be published, but the operator will read them aloud. With that, I'll hand it over to CEO Jan Rindbo and CFO Martin Balstedt from Noon. Please go ahead. Thank you very much and hello to everyone. Thank you for joining. Let me start by just giving you a just a brief introduction to Norden. We are a leading global operator transporting the essential commodities for industrial customers worldwide. We have a capital efficient fleet strategy combining owned and chartered vessels, which enable us to navigate market cycles and deliver competitive returns. So today we will take you through our performance and the strategic positioning of the company. So let's dive straight into it. And let's do that with probably one of the most discussed topics at the moment, the conflict in the Middle East. which obviously are having big impact on both the markets and operations. So we see obviously on the tanker side strong support on the tanker rate. We've seen surging spot rates where tankers are in high demand to help rebalancing oil markets in view of the lack of the oil supply that's coming out of the Middle East. The dry cargo market reaction has been more muted and here it's probably more the additional operational impacts and costs that affects the business. We've seen obviously with higher oil prices a significant increase in the bunker co...