Odfjell Se B (ODJBF) Q4 2024 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.063 presentation of Oddfjells fourth quarter and preliminary full year 00:00:05.063 -- 00:00:06.687 presentation, 00:00:06.687 -- 00:00:11.995 this time in front of a live audience here in Oslo. 00:00:11.995 -- 00:00:16.302 The agenda follows, I would say, a traditional pattern. 00:00:16.302 -- 00:00:21.370 I will go quickly through the highlights, and then I will give the word to 00:00:21.370 -- 00:00:24.595 Terje Iversen, who will take you through the financials. 00:00:24.595 -- 00:00:26.057 And 00:00:26.057 -- 00:00:31.445 I will continue with an operational review of the quarter behind us. 00:00:31.445 -- 00:00:36.293 And we will conclude this presentation with a 00:00:36.293 -- 00:00:41.003 market update and our prospects going forward. 00:00:41.003 -- 00:00:46.092 So then if we turn to the highlights, I'm first and foremost very 00:00:46.092 -- 00:00:50.236 proud on behalf of all my colleagues to 00:00:50.400 -- 00:00:55.929 conclude a 2024 that was the best financial year in Oddfjells 00:00:55.929 -- 00:00:59.415 110 year long history. 00:00:59.415 -- 00:01:04.504 This financial performance comes at the back of a very 00:01:04.504 -- 00:01:10.052 strong safety performance and also a year with high operational efficiency 00:01:10.052 -- 00:01:15.139 and no serious incidents during the year. We 00:01:15.139 -- 00:01:20.186 delivered a solid financial result also in the fourth quarter in line with the 00:01:20.186 -- 00:01:22.750 fourth quarter of 2023, 00:01:22.750 -- 00:01:25.654 but slightly below 00:01:25.654 -- 00:01:31.218 the record high three first quarters of 2024. 00:01:31.325 -- 00:01:36.129 Time charter earnings in Oddfield Tankers ended at 183 million. 00:01:36.129 -- 00:01:40.273 This compares to $202 million in the t...