The Exxon Valdez, now named the Oriental Nicety, was purchased last week by an Indian company for salvage. In the past 23 years, it has been renamed four times and has worked in at least three areas of the world since it ran aground on Bligh Reef in Alaska's Prince William Sound in March 1989. The 30,000-ton tanker ruptured eight of its 11 oil-storage tanks and spilled nearly 11 million gallons of crude oil into the ecologically rich area. Exxon Mobil spent $30 million to repair the single-hulled ship and moved it to its Mediterranean routes after the United States banned the ship from Alaskan waters and a law was passed requiring double hulls on oil tankers. It was sold in 2008 to a Chinese company, which converted the ship to haul ore.
Source: Washington Post. 29 March 2012