From wikipedia:

>The ship is estimated to contain about 1.14 million barrels of oil valued at up to US$80 million, which became a point of contention in negotiations between the Houthi rebels and Yemeni government, both of which asserted claims to the cargo and vessel.

Now, I'm no expert but let me venture a guess that the environmental costs of the spill and any subsequent cleanup will be significantly higher than $160M. Can we just pay both sides their $80M to let someone competent tow it out and safely dispose of the oil?

If no government is sufficiently smart to do that someone just start a kickstarter, I'll give you $20k.