"Going concern" problem. Yeah, like they are probably going to fail is what that really means.
"As a result of the historically low charter rates for drybulk vessels which have been affecting the Company for over three years, and the resulting material adverse impact on the Company’s results from operations, the accompanying consolidated financial statements have been prepared on a going concern basis. The Company as of December 31, 2012 has cash and cash equivalents of $29 and based on its cash flow projections for 2013, the Company will not be able to make scheduled debt repayments as of December 31, 2012, interest payments as well as cover operating expenses and capital expenditure requirements for at least twelve months from the balance sheet date."
More dilution, another reverse split and then BK looks very likely.