Frontline (FRO) Q2 2012 Earnings Call August 29, 2012 9:00 am ET Executives Jens Martin Jensen - Chief Executive Officer of Frontline Management As Inger M. Klemp - Chief Financial Officer and Chief Financial Officer of Frontline Management AS Analysts Jonathan B. Chappell - Evercore Partners Inc., Research Division Fotis Giannakoulis - Morgan Stanley, Research Division Herman Hildan - RS Platou Markets AS, Research Division Joshua Katzeff - Deutsche Bank AG, Research Division Michael Webber - Wells Fargo Securities, LLC, Research Division Martin Korsvold - Pareto Securities AS, Research Division David E. Beard - Iberia Capital Partners, Research Division Randy Laufman - Imperial Capital, LLC, Research Division PresentationOperator
Good day, and welcome to the Frontline Q2 2012 Results Presentation Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to CEO, Mr. Jens Martin Jensen. Please go ahead, sir. Jens Martin Jensen Thank you. Good morning, good afternoon, and welcome to our Q2 2012 presentation. We will follow our usual program for the presentation with Inger going through the second quarter highlights and main transactions, financial review of the quarter and a brief update of our newbuilding program. After that, I will follow up with some market comments on what we saw in the second quarter and update on where we think the market is at present. So Inger, if you could start, please. Inger M. Klemp Thank you and good morning and good afternoon, ladies and gentlemen. As Jens said, I will guide you through the highlights and the financial review in the second quarter of 2012 and so far into the third quarter.