Bligh Reef Bligh Reef Bligh Reef, sometimes known as Bligh Island Reef, is a reef off the coast of Bligh Island in Prince William Sound, Alaska. This was the location of the 1989 "Exxon Valdez" oil spill. After the incident, US Code 33 § 2733 mandated the operation of an automated navigation light to prevent future collisions with the reef. Despite these efforts the tug "Pathfinder" ran aground on Bligh Reef on Dec 24, 2009, rupturing its tanks and spilling diesel fuel. Bligh Reef is also where Alaska Steamship Company's Olympia ran aground in 1910. Bligh Reef serves as a fishing ground
Oil tanker sectors. The market is affected by a wide variety of variables such as the supply and demand of oil as well as the supply and demand of oil tankers. Some particular variables include winter temperatures, excess tanker tonnage, supply fluctuations in the Persian Gulf, and interruptions in refinery services. In 2006, the sustained rise in oil prices had only a limited impact on demand. It was a good year across all segments of the tanker market segments, but not as good as 2004 and 2005. Amidst high oil prices, geopolitical tension, and fears of disruptions to the oil supply, growing