Exxon Valdez Exxon Valdez Oriental Nicety, formerly Exxon Valdez, Exxon Mediterranean, SeaRiver Mediterranean, S/R Mediterranean, Mediterranean, and Dong Fang Ocean, was an oil tanker that gained notoriety after running aground in Prince William Sound spilling hundreds of thousands of barrels of crude oil in Alaska. On March 24, 1989, while owned by the former Exxon Shipping Company, and captained by Joseph Hazelwood and First Mate James Kunkel bound for Long Beach, California, the vessel ran aground on the Bligh Reef resulting in the second largest oil spill in United States history. The size of the spill is estimated to have been ,
Oil tanker sectors. The market is affected by a wide variety of variables such as the supply and demand of oil as well as the supply and demand of oil tankers. Some particular variables include winter temperatures, excess tanker tonnage, supply fluctuations in the Persian Gulf, and interruptions in refinery services. In 2006, the sustained rise in oil prices had only a limited impact on demand. It was a good year across all segments of the tanker market segments, but not as good as 2004 and 2005. Amidst high oil prices, geopolitical tension, and fears of disruptions to the oil supply, growing