Aristotle Onassis of his fleet, while having trouble managing their own fleets, which operated under US flags and thus at high cost. The high profitability of the Onassis fleet has been attributed in large part to his disregard for standards that normally govern international shipping. For example, after his Liberian registered tanker SS Arrow ran aground and spilled oil into Chedabucto Bay in 1970, still the most significant oil spill off Canada’s East Coast (about 25% of the amount spilled by the Exxon Valdez in Alaska in 1989), there was a Commission of Inquiry. Led by Dr Patrick McTaggart-Cowan, executive director of
History of the oil tanker of the U.S. This schooner was fitted out as an oil tanker in 1906, and sunk in a storm off Isles of Scilly in Dec. 1907. The 1880s also saw the beginnings of the Asian oil trade. The oil industry in Azerbaijan was the largest producer in the world at that time, but was limited to the Russian market. John D. Rockefellers Standard Oil dominated the world market. The idea that led to moving Russian oil to the Far East via the Suez Canal was the brainchild of two men: importer Marcus Samuel and shipowner/broker Fred Lane — the London