Exxon Valdez oil spill Exxon should have told the jury at the start that an agreement had already been made, so the jury would know exactly how much Exxon would have to pay. As of December 15, 2009, Exxon had paid the entire $507.5 million in punitive damages, including lawsuit costs, plus interest, which were further distributed to thousands of plaintiffs. In October 1989, Exxon filed suit against the State of Alaska, charging that the state had interfered with Exxon's attempts to clean up the spill by refusing to approve the use of dispersant chemicals until the night of the 26th. The state disputed
History of the oil tanker the English Channel. "Seawise Giant" was renamed "Happy Giant" in 1989, "Jahre Viking" in 1991. From 1979 to 2004 she was owned by Loki Stream, at which point she was bought by First Olsen Tankers, renamed "Knock Nevis" and converted into a permanently moored storage tanker. The Batillus class supertankers are the biggest ships ever constructed by gross tonnage. Although the tanker fleet increased around 12 percent annually around 1970, a shortage on tonnage remained. In 1973 this resulted in an enormous increase in new building orders, especially from oil majors that wanted to gain on the quicker deciding independents,