uncertainty and turmoil so turning to our first question and the opportunities in ship finance today if you can give us your overview of the ship financing landscape and where you see lender appetite for ship finance today if we can start with you Philip thank you

Yeah, first of all, I guess the ship financing market, as we already, I think, agreed here, is in a very competitive situation.

So it's good for all of you guys and ladies.

It's not as it was in 2016.

And I think it's fair to say that it is more challenging these days to finance a vessel than 10 years ago, where you basically could do everything.

So the market has developed and you have all the choices in your hand.

And as many said in many conferences as well, the owners dictate the market.

Do you find that they are encouraging investment into shipping and greener fleets, which is the objective of the regulations? or for some of them, or do you feel it's just creating uncertainty for you and that's ultimately delaying investment decisions and lending?