Question-and-Answer Session
Operator
(Operator Instructions).Our first question comes from the line of David Smith from JP Morgan. Please go ahead.
David Smith - JP Morgan
Hi. Good morning.
Todd Hornbeck
Good morning.
David Smith - JP Morgan
I was wondering if I could get some color on what's behind the delays in the sulfur tanker conversions? Very slight delays, but just looking for some color there. And maybe also why the CapEx is creeping up with those delays?
Todd Hornbeck
I think we've got a pretty good handle on the CapEx. The delays in construction is just normal delays that we're seeing allover the world in construction, either with rigs or boats or any marine construction today. It's pushed out another month or so and we don't see anything alarming there past that.
David Smith - JP Morgan
And wondering if we could get some color around the marketing opportunities for those? We're looking at fourth quarter delivery, it's almost August. I'm wondering what we could expect to see there?
Todd Hornbeck
Well, I think we've covered that pretty well in the past. We're seeing a lot of robust opportunities for those vessels. We want to get them to the Gulf. We anticipate having the first MPSV we'd like to put her in the spot market in the Gulf of Mexico, run her through her paces and show the clientele exactly what the capabilities are of the vessel. But, we're getting a lot of demand for the vessel domestically and internationally.
Operator
Thank you. Our next question comes from the line of Robin Shoemaker from Citigroup. Please go ahead.
Robin Shoemaker - Citigroup
Yes, good morning, Todd and Jim.
Todd Hornbeck
Good morning.
Robin Shoemaker - Citigroup
I wanted to ask you just to review and comment on your strategies, spot versus term strategy that you've had historically, is it still the same exposure to both? You described some term contracts that looked awfully attractive. Is there any major or subtle change in your strategy on that?
Todd Hornbeck
No, I think we've been pretty consistent. Our fleet's growing and we're seeing some great opportunities to do some multiyear charters and at those attractive day rates, we think it's a good deal for the company and the returns. We still have an ample part of our fleet that is exposed to the spot market to capture the upside of the market as it continues to improve. So it's a pretty balanced plan.
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