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
Aegean Sea tanker oil spill of the monetary liability. After being anchored for a few days off the coast of A Coruña due to weather hazards, "Aegean Sea" was ordered into port by port authorities. Due to this, on 3 December 1992, the oil-ore Greek carrier ship "Aegean Sea", ran aground off the coast of Galicia at nearly 5 a.m. The ship was on its route to A Coruña, Spain, from Sullom Voe, Scotland. Allegedly, a heavy storm managed to push the ship off course and cause her to run aground. A rescue team was sent immediately but failed to keep the ship from breaking