EXXON VALDEZ FINALLY BOWS OUT

One of the best known vessel names in shipping history (for all the wrong reasons) is finally bowing out, courtesy of an Indian scrap yard.

The 213,800 DWT Oriental Nicety, as she is now called, was formerly the Exxon Valdez of Alaska oil spill fame. The decision to send her for razor blades was made only three years after she was converted from a tanker into a bulk carrier. She is reported to have achieved $460 per ldt (light ton displacement) which converts to a healthy $15.82m for her owner COSCO. Having been built in 1986, Exxon Valdez achieved fame in 1989 when she grounded on a reef resulting in a major oil spill which has resulted in wide ranging improvements in the construction of tankers and safety management throughout the entire marine industry. Following repairs in 1990, she was renamed Exxon Mediterranean and subsequently Sea River Mediterranean, Mediterranean, Dong Fang Ocean and finally Oriental Nicety.