Money | Exxon Valdez Exxon Valdez Sold for Scrap For some $16M By Kevin Spak Posted Mar 20, 2012 12:40 PM CDT Copied In this file photo taken March 26, 1989, the Exxon Baton Rouge, smaller ship, attempts to off load crude oil from the Exxon Valdez. (AP Photo, File) Decades after it caused the then-biggest oil spill in US history, the Exxon Valdez is finally being put out to pasture. The ship, which was renamed the Oriental Nicety after its brush with infamy, has been sold to Maryland-based Global Marketing Systems for $16 million, Bloomberg reports. Global Marketing Systems specializes in buying and scrapping old ships. Though Exxon Mobil sold the tanker long ago—it has changed names and owners several times—it still faces legal action based on its 1989 spill. Read These Next Trump, Johnson aren't happy with pick for Super Bowl headliner. It's being called a disturbing trend: paragliders with bombs. Feds cite ChatGPT evidence in arrest of Palisades Fire suspect. Felix Baumgartner's death attributed to his own error. Report an error