Exxon Valdez oil spill Exxon Valdez oil spill The "Exxon Valdez" oil spill occurred in Prince William Sound, Alaska, March 24, 1989, when "Exxon Valdez", an oil tanker owned by Exxon Shipping Company, bound for Long Beach, California, struck Prince William Sound's Bligh Reef, 1.5 miles west of Tatitlek, Alaska at 12:04 am local time and spilled (or a mass of 35,000 metric tonnes) of crude oil over the next few days. It is considered to be one of the most devastating human-caused environmental disasters. The "Valdez" spill is the second largest in US waters, after the 2010 "Deepwater Horizon" oil spill, in terms
Oil tanker two million barrels of oil, had peaked at $309,601 per day in 2007, and has dropped, as of 2012, to $7,085 per day, far below the operating costs of these ships. As a result, several tanker operators laid up their ships. Prices rose significantly in 2015 and early 2016, but delivery of new tankers was projected to keep prices in check. Owners of large oil tanker fleets include Teekay Corporation, A P Moller Maersk, DS Torm, Frontline, MOL Tankship Management, Overseas Shipholding Group, and Euronav. In 2005, oil tankers made up 36.9% of the world's fleet in terms of deadweight