SeaRiver Maritime

SeaRiver Maritime

SeaRiver Maritime is a privately held subsidiary wholly owned by ExxonMobil. The company is used by ExxonMobil as a legal shield to own oil tankers and take on all legal liability related to the shipping of crude oil, so that future tanker spills will not result in adverse economic consequences to the parent company. SeaRiver was created by ExxonMobil as a response to the Exxon Valdez oil tanker disaster, which subjected the company to billions of dollars of liability claims. The existence, purpose, and legal structure of SeaRiver has been widely criticized by environmental and other anti-ExxonMobil activists.

While the creation of SeaRiver Maritime has led to controversy among some, they are still a highly regarded employer. Their safety vettings and procedures are among the most stringent in the industry.

["Baltimore Sun": [http://www.fakr.noaa.gov/oil/newsclips/101602exxonv.pdf "Even renamed, "Exxon Valdez" can't outlive stain on its past."] Retrieved April 19, 2007.]

See also

*ExxonMobil

References


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