Your logic here seems flawed. You do not mention the massive amount of litigation that will undoubtedly result from this tragedy, so your post appears naive by leaving this important element out. Either that or you are looking to pump this stock up a bit so you can buy some puts at a good price. Your comment about "1 in 100 ships, so 99% healthy" seems ridiculous. There is more than just the cost of the ship and its potential revenue. Thats like saying with the Transocean spill, that the rig they lost was 1 in 100, so they are 99% healthy. Kind of absurd.