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 two million barrels of oil, had peaked at $309,601 per day in 2007, and has dropped, as of 2012, to $7,085 per day, far below the operating costs of these ships. As a result, several tanker operators laid up their ships. Prices rose significantly in 2015 and early 2016, but delivery of new tankers was projected to keep prices in check. Owners of large oil tanker fleets include Teekay Corporation, A P Moller Maersk, DS Torm, Frontline, MOL Tankship Management, Overseas Shipholding Group, and Euronav. In 2005, oil tankers made up 36.9% of the world's fleet in terms of deadweight