At the risk of public scorn ... I don't know. But I suspect it is far below book value, because there is a glut of ships on the market, some sitting idle. Thus who would be compelled to buy yet another one?

I'll add that in my opinion, if SSW's contracts were not honored, it's game over. They have now tried every trick on the book - dividend slashed, founders buying stock, super slow steaming.

If someone decides not to honor a contract, it's toast ... no amount of slow steaming will help. Can they eliminate the divvy? Yes, but investors would flock.