ExxonMobil the Exxon Building (1251 Avenue of the Americas), its former headquarters in Rockefeller Center, to a unit of Mitsui Real Estate Development Co. Ltd. in 1986 for $610 million, and in 1989, moved its headquarters from Manhattan, New York City to the Las Colinas area of Irving, Texas. John Walsh, president of Exxon subsidiary Friendswood Development Company, stated that Exxon left New York because the costs were too high. On March 24, 1989, the Exxon Valdez oil tanker struck Bligh Reef in Prince William Sound, Alaska and spilled more than of crude oil. The Exxon Valdez oil spill was the
History of the oil tanker in 1967 caused a public awareness about the environmental dangers of oil tankers. Oil companies united in 1970 in the Oil Companies International Marine Forum to become involved in the following issuing of rules such as MARPOL 73. In 1968 also the International Tanker Owners Pollution Federation was founded to indemnify the victims. For tanker owners, the Six-Day War of 1967 was of greater importance. The Suez Canal closed until 1975 and freight rates skyrocketed because of the shortage of tonnage now ships had to pass the Cape of Good Hope. Even larger tankers were now built, as the limitations