Exxon Valdez punitive damages to the Supreme Court which capped the damages to US $507.5 million in June, 2008. On August 27, 2008, Exxon Mobil agreed to pay 75% of the US $507.5 million damages ruling to settle the 1989 "Exxon Valdez" oil spill off Alaska. In June 2009, a federal ruling ordered Exxon to pay an additional US$480 million in interest on their delayed punitive damage awards. After repairs, "Exxon Valdez" was renamed "Exxon Mediterranean", then "SeaRiver Mediterranean" in the early 1990s, when Exxon transferred their shipping business to a new subsidiary company, River Maritime Inc. The name was later shortened
SS Wafra oil spill record as the world's largest salvage tugs. SS Wafra oil spill The SS "Wafra" oil spill occurred on 27 February 1971, when SS "Wafra", an oil tanker, ran aground while under tow near Cape Agulhas, South Africa. Approximately 200,000 barrels of crude oil were leaked into the ocean. The larger part of the ship was refloated, towed out to sea, and then sunk by the South African Air Force to prevent further oil contamination of the coastline. "Wafra" left Ras Tanura in Saudi Arabia on 12 February 1971 bound for Cape Town, South Africa, with a cargo of (63,174 tonnes)