John Chappell

“Lars, last quarter you spoke to, I think it was 5% of the fleet that you were estimated was sitting outside of the straight, and that was part of the inefficiencies.”

“Lars, last quarter you spoke to, I think it was 5% of the fleet that you were estimated with sitting outside of the strait and that was part of the inefficiencies um didn't mention that today obviously you had a lot of other data but do you have an update on that and as it relates to that is that just right outside of…”

“Jacob, you spent a lot of time talking about the justification for the new buildings, both on this call and apparently in the press this morning. I think it makes complete sense given the discrepancy between new build prices and secondhand values.”

“The Jones Act Waiver, have you seen any impact either in coastal, I would imagine more in coastal than inland, from the waivers? And I guess maybe more importantly, from some of your contacts in D.C., do you have a sense for if the waivers will continue to be extended?”

“Darren, on the volume side, the acceleration from April through June, and then we look at the second half of 25, or even if you want a two-year stack it, it feels like it's an easier comp.”