Bill Allen (businessman) Barbados as well. VECO also was a worldwide player in the oil industry, having divisions in many major oil markets, including the Sudan, Russia, Mexico, Venezuela and Syria. VECO had a major impact on the economy of Alaska and employed over 5,000 people worldwide. On March 24, 1989, the oil tanker Exxon Valdez ran aground on Bligh Reef, spilling eleven million gallons of crude oil into the waters of Prince William Sound. The Exxon Valdez oil spill was the second largest in United States history, after the BP Gulf of Mexico Deepwater Horizon spill. Under Allen's guidance, VECO (along with
History of the oil tanker engines, as opposed to the older steam engines. The "Vandal", the first diesel-electric ship, was capable of carrying 750 long tons of refined oil was powered by three diesel motors. The larger "Sarmat" employed four 180 h.p. engines. The first seagoing diesel-powered tanker, 4,500 ton "Mysl", was built by Nobel's competitors in Kolomna. Nobel responded with "Emanuel Nobel" and "Karl Hagelin", 4,600 long ton kerosene tankers with engines. The 475 ft., 7-masted schooner "Thomas W. Lawson", built in 1902, was the largest purely sail tanker ever built. It carried coal, and oil in barrels from Texas to the East Coast