Exxon Valdez oil spill a number of recommendations, such as changes to the work patterns of Exxon crew in order to address the causes of the accident. In response to the spill, the United States Congress passed the Oil Pollution Act of 1990 (OPA). The legislation included a clause that prohibits any vessel that, after March 22, 1989, has caused an oil spill of more than in any marine area, from operating in Prince William Sound. In April 1998, the company argued in a legal action against the Federal government that the ship should be allowed back into Alaskan waters. Exxon claimed OPA was
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