Exxon Valdez punitive damages to the Supreme Court which capped the damages to US $507.5 million in June, 2008. On August 27, 2008, Exxon Mobil agreed to pay 75% of the US $507.5 million damages ruling to settle the 1989 "Exxon Valdez" oil spill off Alaska. In June 2009, a federal ruling ordered Exxon to pay an additional US$480 million in interest on their delayed punitive damage awards. After repairs, "Exxon Valdez" was renamed "Exxon Mediterranean", then "SeaRiver Mediterranean" in the early 1990s, when Exxon transferred their shipping business to a new subsidiary company, River Maritime Inc. The name was later shortened
Architecture of the oil tanker double-hull tanker can be significantly higher than designs like the Mid-Deck Tanker, the Coulombi Egg Tanker and even a pre-MARPOL tanker, as the last one has a lower oil column and reaches hydrostatic balance sooner. A Mid-Deck Tanker is a tanker design, which includes an additional deck intended to limit spills if the tanker is damaged. The extra deck is placed at about the middle of the draft of the ship. With double hull tankers, in high energy casualties where both hulls are breached, oil can spill through the double-hull and into the sea. In grounding events of this type,