Q2 2023 Frontline Plc Earnings Call Transcript
Good day, and thank you for standing by. Welcome to the Second Quarter 2023 Frontline Plc Conference Call. (Operator Instructions). Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Lars Barstad. Please go ahead.
Thank you. Dear all. Thank you for listening in to Frontline's second quarter earnings call. In the second quarter, we had a very untypical spike for VLCC and Suezmax towards the end. And this puts us in a position to make some extra cash and also to carry some value into the third quarter.
Most interestingly, this spike was caused by minor weather delays, telling a tail of how narrowly balanced our market is. The macroeconomical headwinds seem to have a very muted impact on our little part of the global macro puzzle, and we'll get to that later in the presentation.
I think it's worth mentioning that in the markets like these, from clients efficient and transparent platform comes to
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