Frontline plc. (FRO) Q2 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:06.261 Good day and thank you for standing by. Welcome to the second quarter 2025 Frontline 00:00:06.261 -- 00:00:11.869 PLC Earnings Conference Call. At this time, all participants are in a listen-only mode. 00:00:11.869 -- 00:00:16.096 After the speaker's presentation, there will be a question and answer session. 00:00:16.096 -- 00:00:20.663 To ask a question during the session, you will need to press star 11 on your telephone. 00:00:20.663 -- 00:00:24.169 You will then hear an automated message advising your hand is raised. 00:00:24.169 -- 00:00:28.398 To withdraw your question, please press star 11 again. 00:00:28.398 -- 00:00:32.505 Please be advised that today's conference is being recorded. 00:00:32.505 -- 00:00:37.573 I would now like to hand the conference over to your speaker today, Lars Barstad, CEO. 00:00:37.573 -- 00:00:39.977 Please go ahead. 00:00:39.977 -- 00:00:45.186 Thank you, Nicolas. Dear all, thank you for dialing into Frontland's quarterly earnings 00:00:45.186 -- 00:00:46.748 call. 00:00:46.748 -- 00:00:52.258 Shipping and tankers from our vantage point is still in the eye of the storm 00:00:52.258 -- 00:00:55.904 in relation to global conflict and trade policies. 00:00:55.904 -- 00:01:00.911 We have started to grow numb in respect of our industry's ability to regulate the 00:01:00.911 -- 00:01:06.579 ever-increasing parallel tank market, stealing margins from the law-abiding 00:01:06.579 -- 00:01:12.147 citizens of the tanker trade. But now we are hopefully seeing the contours 00:01:12.147 -- 00:01:13.749 of change, 00:01:13.749 -- 00:01:20.058 one being trade policy reflected in nations' behavior on crude sourcing, 00:01:20.058 -- 00:01:25.305 and the simple fact that global oil demand growth has surpassed 00:01:...