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
Architecture of the oil tanker be phased out by 2010 at the latest, depending on the year of delivery. With MARPOL tankers, it is not allowed to use ballast tanks as cargo tanks. This has reduced operational spillage drastically. The downside is designs based on MARPOL spill more oil when damaged than a preMARPOL tankers. This is due to several factors: These small tanker will also be phase out by 2010. After the "Exxon Valdez" disaster, public outcry became so strong that authorities were forced to come with preventive measures. Especially the double hull design was favoured and although this is not the best design