Odfjell Se B (ODJBF) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.532 Good morning to everyone and welcome to this presentation of Oddfjell's 00:00:05.532 -- 00:00:08.705 first quarter results. 00:00:08.705 -- 00:00:13.850 We are living in unpredictable times, and in that context, it's 00:00:13.850 -- 00:00:19.695 reassuring to know that the agenda for this presentation is very predictable. 00:00:19.695 -- 00:00:24.120 I will take you through the highlights. My colleague, Terje Iversen, our CFO, will take 00:00:24.120 -- 00:00:29.505 you through our financial performance. And then I will conclude this presentation 00:00:29.505 -- 00:00:34.609 with an operational review and a market update and prospects for 00:00:34.609 -- 00:00:39.869 the coming quarter. Then, turning to the highlights, 00:00:39.869 -- 00:00:44.961 we once again delivered a strong safety performance in the first quarter, but 00:00:44.961 -- 00:00:50.253 in a much more challenging environment. We have four vessels inside the Strait 00:00:50.253 -- 00:00:55.465 of Hormuz. One vessel that we own and three vessels that are time-chartered. 00:00:55.465 -- 00:00:59.390 I'm very happy to inform you that all crew are safe. 00:00:59.390 -- 00:01:03.535 I'm impressed by the leadership that we observe on those four vessels. 00:01:03.535 -- 00:01:08.901 I'm impressed by the crew's ability to maintain the morale 00:01:08.901 -- 00:01:13.907 and atmosphere on board. And it also impresses me that they are still able to 00:01:13.907 -- 00:01:19.334 make rational considerations and decisions despite a very 00:01:19.334 -- 00:01:21.824 challenging situation. 00:01:21.824 -- 00:01:26.893 Our time charter earnings ended at $167 million, and that compares 00:01:26.893 -- 00:01:29.013 to $168 00:01:29.838 -- 00:01:35.187 million in the fourth quarter. I h...