My Vu
Head of Finance, Treasury and IR

Good morning from sunny Oslo, and welcome to Hoegh Autoliners First Quarter Presentation. My name is My Linh Vu, Head of Investor Relations. And with me today, we have our CEO, Andreas Enger; and our CFO, Espen Stubberud, will walk you through the first quarter business and financial performance. As usual, we have the Q&A session at the end of the presentation. So for the audience, if you have any questions, please send the question to our Investor Relations mailbox at ir@hoegh.com.

So with that, I leave it to you, Andreas.

Andreas Enger
Chief Executive Officer

Thank you, My Linh. And we are starting this presentation with a beautiful picture of Hoegh Rainbow, which we took delivery of in the beginning of January. So it had its first quarter in operation. It's the eighth in the series of our 12-ship newbuild program of vessels that are doing a great job in a tight market.

Let's start with some of the very recent highlights. We've had an exciting week's at Hoegh Autoliners with a successful exit out of the Persian Gulf of Alliance Fairfax, which I think we commented earlier has been trapped inside the Persing Gulf. That happened with fantastic help and support from the U.S. Navy that mobilize substantial resources to ensure a safe transit for that vessel. We now have no vessels operating in the Persian Gulf and no remaining vessels that are bound for that area. There is sort of a continuous disruption, but contained operationally with repositioning and adaptation, which is, I think, one of the things we are quite good at