Q1 2023 Frontline Plc Earnings Call Transcript
Good day, and thank you for standing by. And welcome to the Q1 2023 Frontline Plc Earnings Conference Call. (Operator Instructions)
I would now like to hand the conference over to CEO, Mr. Lars Barstad. Please go ahead.
Thank you very much, [Dero]. And thank you for tuning in to Frontline's first quarter earnings call. We're a bit late. But better -- good than earlier, whatever that expression is.
We've had an unseasonably strong first quarter of the year. Russia still has an impact on the market, while there are sanctions on Russia. But I think kind of the key part of the action in Q1 was related to China. The strong Q1 has given us ability to book quite strong numbers into Q2 as well after the Frontline team relentlessly growing to create shareholder value.
Before I give the word to Inger, (technical difficulty) key numbers on Slide 3 in the deck. In the third quarter -- sorry, in the first quarter Frontline achieved $52,500 per day on our VLCC fleet. $64,000 per day
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