Frontline plc. (FRO) Q1 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Frontline Plc.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.588 -- 00:00:05.793 Good day and thank you for standing by. Welcome to the Q1 2025 Frontline 00:00:05.793 -- 00:00:11.258 PLC Earnings Conference Call. At this time, all participants are in a listen-only 00:00:11.258 -- 00:00:15.762 mode. After the speaker's presentation, there will be a question and answer session. 00:00:15.762 -- 00:00:21.067 To ask a question during the session, you will need to press star 1 1 on 00:00:21.067 -- 00:00:26.212 your telephone. You will then hear an automated message advising the hand is raised. 00:00:26.212 -- 00:00:30.558 To whisper your question, please press star 1 1 again. 00:00:30.558 -- 00:00:33.904 Please be advised that today's conference is being recorded. 00:00:33.904 -- 00:00:39.373 I would now like to hand the conference over to your speaker today, Lars Bartstad, CEO. 00:00:39.373 -- 00:00:41.456 Please go ahead. 00:00:41.456 -- 00:00:43.419 Thank you very much. 00:00:43.419 -- 00:00:48.568 Dear all, thank you for dialing into Frontline's quarterly earnings call. 00:00:48.568 -- 00:00:52.782 It's encouraging to see so many joining us today. 00:00:52.782 -- 00:00:57.810 Despite all the action around us, both in respect of equity market volatility, 00:00:57.810 -- 00:01:02.878 changing policies and global trade negotiations, the tanker market has moved 00:01:02.878 -- 00:01:09.328 along in an orderly manner. To recap the first quarter of the year, the VLCC 00:01:09.328 -- 00:01:14.473 were volatile, with three to four exciting rallies 00:01:14.536 -- 00:01:17.541 and a rising floor. SUSEMAX 00:01:17.541 -- 00:01:23.957 and AFROMAX had a strong finish to the first quarter, while the LR2s struggle. 00:01:23.957 -- 00:01:28.782 We are in a situation where the inverse earnings relationship between asset classes ...