Odfjell Drilling Ltd (ODFJF) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.318 Good morning to all of you and welcome to this presentation of Oddfjell's 00:00:05.318 -- 00:00:08.540 third quarter results. 00:00:09.284 -- 00:00:12.568 We will follow a standard agenda for this presentation. 00:00:12.568 -- 00:00:17.495 I will take you through the highlights. My colleague Terje Iversen will present our financial 00:00:17.495 -- 00:00:22.642 performance and then I will conclude this presentation by an operational 00:00:22.642 -- 00:00:27.048 review and a market update and prospects. 00:00:27.048 -- 00:00:32.056 If we then turn to the highlights, we once again delivered a strong 00:00:32.056 -- 00:00:37.305 safety performance in our third quarter. We had high operational performance and we also 00:00:37.305 -- 00:00:41.071 saw no significant incidents during the quarter. 00:00:41.071 -- 00:00:46.440 We are delivering robust financial results and this is in line with what we saw 00:00:46.440 -- 00:00:51.171 in the second quarter. Our total volumes were slightly up in the third quarter. 00:00:51.171 -- 00:00:56.477 We saw our contract overfratment volumes going up, 00:00:56.477 -- 00:00:59.361 and we now have a 00:00:59.361 -- 00:01:04.464 contract percentage of approximately 56%. 00:01:04.567 -- 00:01:09.353 At the same time, we also saw that the spot rates continued to decline during the third 00:01:09.353 -- 00:01:10.771 quarter. 00:01:10.771 -- 00:01:14.135 Our time charter earnings ended 00:01:14.135 -- 00:01:15.838 at 173 00:01:15.838 -- 00:01:18.902 million, and this compares to 174 00:01:18.902 -- 00:01:25.027 million in the previous quarter. The time charter earnings per day was 28,174. 00:01:27.413 -- 00:01:33.197 This is slightly down from the previous quarter, which ended at $30,306. 00:01:38.547 -- 00:0...