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
Sea Empress oil spill oil. A full scale emergency plan was activated by the authorities. News of the grounding was first reported at 21:18 on the BBC's Nine O'Clock News – just over an hour after she ran aground. Over the next few days, efforts to pull the vessel from the rocks continued. Tugboats were drafted in from the ports of Dublin, Liverpool and Plymouth to assist with the salvage operation. The "Sea Empress" disaster occurred in Britain's only coastal national park and in one of only three UK marine nature reserves. The tanker ran aground very close to the islands of Skomer and