Valdez, Alaska The original town site was dismantled and abandoned. From 1975 to 1977, the Trans-Alaska pipeline was built to carry oil from the Prudhoe Bay oil fields in northern Alaska to a terminal in Valdez, the nearest ice-free port. Oil is loaded onto tanker ships for transport. The construction and operation of the pipeline and terminal boosted the economy of Valdez. The 1989 "Exxon Valdez" oil spill occurred as the oil tanker "Exxon Valdez" was leaving the terminal at Valdez full of oil. The spill occurred at Bligh Reef, about from Valdez. Although the oil did not reach Valdez, it devastated
Oil tanker tonnage. The world's total oil tankers deadweight tonnage has increased from in 1970 to in 2005. The combined deadweight tonnage of oil tankers and bulk carriers, represents 72.9% of the world's fleet. In 2005, 2.42 billion metric tons of oil were shipped by tanker. 76.7% of this was crude oil, and the rest consisted of refined petroleum products. This amounted to 34.1% of all seaborne trade for the year. Combining the amount carried with the distance it was carried, oil tankers moved 11,705 billion metric-ton-miles of oil in 2005. By comparison, in 1970 1.44 billion metric tons of oil were