Operator

Thank you for standing by. My name is Christina, and I will be your conference operator today. At this time, I would like to welcome everyone to International Seaways, Inc. First Quarter 2026 Earnings Conference Call. [Operator Instructions]

I would now like to turn the floor over to James Small, General Counsel. James, the floor is now yours.

James Small
Chief Administrative Officer, Senior VP, General Counsel & Secretary

Thank you, and good morning, everyone. Welcome to International Seaways Earnings Call for the first quarter of 2026. Before we begin, I would like to start off by advising everyone with us today of the following. During this call and in the accompanying presentation, management may make forward-looking statements regarding the company or the industry in which it operates, which may address, without limitation, the following topics: outlooks for the crude tanker and product tanker markets; changing trading patterns, forecasts of world and regional economic activity; forecasts covering the production of and demand for oil and petroleum products; the effects of ongoing and threatened conflicts around the world, including in particular, in the Middle East; the company's strategy and business prospects; expectations around revenues and expenses, including vessel charter hire and G&A expenses; estimated future bookings, TCE rates and capital expenditures, projected dry dock and off-hire days, newbuild vessel construction, vessel sales and purchases, anticipated financing transactions and plans to issue dividends; economic, regulatory and political developments