cgraut - The 4 Suezmax tankers are a done deal. They will change hands on 7/1. I agree though, the 6 Aframax tankers are a question mark. Whether these are ultimately sold or not, a large block of debt will come off the balance sheet and the pps should move well past $1.
IR confirmed the Capes are all still on contract. The Panamax and Supramax vessels are a question mark, but I think it likely they have been getting low rates somewhere around the spot rate numbers DRYS lists on their website. Tanker spot rates have been really big and should easily offset any lower spot rates for drybulk. The first quarter should come in with positive net revenues.
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