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 smaller ULCCs, these ships are sometimes given the "V-Plus" size designation. In February 2008, their owners announced plans to convert "TI Africa" and the "TI Asia" into stationary floating storage and offloading units to be placed in the Al Shaheen oilfield near Qatar in late 2009. With the exception of the pipeline, the tanker is the most cost-effective way to move oil today. Worldwide, tankers carry some annually, and the cost of transportation by tanker amounts to US$0.02 per gallon at the pump. The first open register was Panama in 1916. Fear for political instability and high and excessive consular