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
Architecture of the oil tanker Egg tanker this area is reduced to 66,000 m³. This reduces maintenance and corrosion risks, which otherwise may result in structural failure. An oil tanker's inert gas system is one of the most important parts of its design. Fuel oil itself is very difficult to ignite, however its hydrocarbon vapors are explosive when mixed with air in certain concentrations. The purpose of the system is to create an atmosphere inside tanks in which the hydrocarbon oil vapors cannot burn. As inert gas is introduced into a mixture of hydrocarbon vapors and air, it increases the lower flammable limit or lowest