James Doyle: Thanks, Emanuele. Slide seven, please. Product tanker rates remain firm and have increased over the last week with MRs earning around $28,000 per day and LR2s about $35,000 per day. Levels that continue to generate substantial free cash flow for the company. Refining margins have strengthened, inventories remain low, and fourth-quarter demand excluding fuel oil is expected to be nearly 900,000 barrels per day higher than last year. With seasonality turning in our favor, a strong crude market, a ...