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 a mid-deck design overcomes this by eliminating the double-bottom compartments that are void with air. Since the density of seawater is greater than that of oil, water comes into the tanks instead of oil escaping out, and rather than spilling, oil is vented upwards into overflow tanks. If the "Exxon Valdez" had been a Mid-Deck ship, she would have spilled very little oil. A variation on the Mid-Deck Tanker is the Coulombi Egg Tanker, which was approved by IMO as an alternative to the double hull concept. The design consists of a series of centre and wing tanks that are