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
Exxon Valdez or 257,000 to 750,000 barrels. In 1989, the "Exxon Valdez" oil spill was listed as the 54th largest spill in history. The tanker was 301 meters long, 51 meters wide, 26 meters depth (987 ft x 166 ft x 88 ft), with a deadweight of 214,861 long tons and a full-load displacement of 240,291 long tons. The ship was able to transport up to 235,000 m³ (1.48 million barrels) at a sustained speed of 16.25 knots, powered by a (31,650 shp) diesel engine. Her hull design was of the single-hull type, constructed by National Steel and Shipbuilding Company in San