ExxonMobil the Exxon Building (1251 Avenue of the Americas), its former headquarters in Rockefeller Center, to a unit of Mitsui Real Estate Development Co. Ltd. in 1986 for $610 million, and in 1989, moved its headquarters from Manhattan, New York City to the Las Colinas area of Irving, Texas. John Walsh, president of Exxon subsidiary Friendswood Development Company, stated that Exxon left New York because the costs were too high. On March 24, 1989, the Exxon Valdez oil tanker struck Bligh Reef in Prince William Sound, Alaska and spilled more than of crude oil. The Exxon Valdez oil spill was the
History of the oil tanker first time when the US Coast Guard took on the salvage of the "Argo Merchant", although the vessel was in international waters. This was the first time the monopoly of flag states was broken through. The Exxon Valdez oil spill was the incentive to introduce legislation requiring tankers to have a double hull, a measure that is not seen as the best solution by all experts. Where a double hull should minimize the consequences after a disaster, Concordia Maritime developed the "Stena V-MAX", a VLCC with two propellers, two rudders and two redundant engine rooms, where a single fault does