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
Katina P and sunk by German aircraft at Astakos, Greece. Katina P Katina P was a Greek oil tanker carrying 72,000 tonnes of oil which sank off the Mozambique coast on 26 April 1992. On 17 April 1992, the master of the Greek-owned, Maltese-flagged vessel "Katina P" deliberately ran the ship aground north of Maputo in Mozambique and then abandoned ship. The tanker, which had been under way from Venezuela to the Persian Gulf, had lost a hull plate during a storm. Two of the vessel's tanks had ruptured and spilled some 13,000 tonnes of #6 heavy fuel oil in the Mozambique