Tugboats tow the damaged Exxon Valdez oil tanker two weeks after it ran aground in March, 1989. (Photo credit CHRIS WILKINS/AFP/Getty Images)

FORT WORTH (CBSDFW.COM) – The Exxon Valdez oil tanker has been sold for scrap.

Bloomberg reported the story earlier today.

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The ship, which caused the worst oil tanker spill in American history, has changed names and owners four times since the accident in 1989.

It’s currently called the Oriental Nicety.  The scrap buyer paid about $16 million for it.

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The Exxon Valdez oil spill led to changes in the laws governing oil tankers, requiring them to have double hulls.  11 million gallons of oil spilled from the tanker when it ran aground in Alaska’s Prince William Sound.

Today it’s the second-largest oil spill in U.S. history, after 2010’s BP well blowout in the Gulf of Mexico.

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Irving-based Exxon Mobil, which owned the ship at the time of the spill, spent $3.8 billion on cleanup.