1 Updates

61 tonnes of silver salvaged from sunk British vessel

Jul 23 2013, 4:12am CDT | by IANS

Miami, July 23 (IANS/EFE) US treasure-hunter Odyssey Marine Exploration, Inc. announced Monday that it recovered more than 61 tonnes of silver from a British cargo ship that sank in 1941 off the coast of Ireland.

Miami, July 23 (IANS/EFE) US treasure-hunter Odyssey Marine Exploration, Inc. announced Monday that it recovered more than 61 tonnes of silver from a British cargo ship that sank in 1941 off the...

Filed under: news

Full Story below YouTube Videos

 
 

 

39 weeks ago

61 tonnes of silver salvaged from sunk British vessel

Jul 23 2013, 4:12am CDT | by IANS

Miami, July 23 (IANS/EFE) US treasure-hunter Odyssey Marine Exploration, Inc. announced Monday that it recovered more than 61 tonnes of silver from a British cargo ship that sank in 1941 off the coast of Ireland.

Miami, July 23 (IANS/EFE) US treasure-hunter Odyssey Marine Exploration, Inc. announced Monday that it recovered more than 61 tonnes of silver from a British cargo ship that sank in 1941 off the coast of Ireland.

The 1,574 silver ingots were removed from the SS Garsoppa, a vessel measuring 125 meters long that was torpedoed by a German submarine in February 1941, Odyssey said in a press release.

The haul "sets a new record for the deepest and largest precious metal recovery from a shipwreck", the company said, adding that the silver is being warehoused at a secure facility in Britain.

In all, since Odyssey began recovery work in 2012, the firm has removed 2,792 silver ingots from the SS Garsoppa.

Under the terms of the contract Odyssey signed with Britain's Department of Transport, the Florida-based company will retain 80 percent of the value of the recovered shipment.

In 2010, the British government reached an agreement with Odyssey for the firm to have the exclusive authorization to carry our recovery work on the Garsoppa.

"This was an extremely complex recovery which was complicated by the sheer size and structure of the SS Garsoppa as well as its depth nearly three miles below the surface of the North Atlantic," Odyssey CEO Greg Stemm said.

This is the first large project Odyssey has undertaken after its lost a court case to retain possession of the treasure it extracted from the Spanish ship Nuestra Señora de las Mercedes, valued at $500 million. The company was forced to return the treasure to the Spanish government in February 2012.

--IANS/EFE

rd

IANS

Source: IANS

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Apple Taking More Steps Towards Energy Independence
Apple Taking More Steps Towards Energy Independence
Wired has a new report on what Apple is doing to help the environment
 
 
Apple Now Recycling All Apple Gadgets At Retail Stores
Apple Now Recycling All Apple Gadgets At Retail Stores
Part of the Earth Day commitment involves helping recycle on a far grander scale
 
 
Aaron Sorkin Gives More Details On Jobs Movie
Aaron Sorkin Gives More Details On Jobs Movie
Aaron Sorkin says Steve Jobs will be “Part hero, Part antihero” in the new film
 
 
The Right (And Wrong) Way To Think About How Aereo Works
Aereo, a service that lets users record broadcast TV shows over the internet and stream the recording to their mobile devices, is fighting for its life before the Supreme Court this week. (My colleague J.J. Colao is...
 
 
 

Latest from the Network

American Gymnast Opens New Location
Chesapeake, VA, April 23, 2014 --(PR.com)-- American Gymnast has announced the opening of a brand new location based in Chesapeake, VA. The new office will operate as American Gymnast North, managed by Rick Walker....
Read more on Sport Balla
 
Lily Yip Table Tennis Center Rejoins “We Are Butterfly” Club Program
Wilson, NC, April 23, 2014 --(PR.com)-- The Lily Yip Table Tennis Center (LYTTC) in Dunellen, New Jersey, has rejoined the “We are Butterfly” Club Program. As part of the program, Butterfly table tennis...
Read more on Sport Balla
 
DDA Seeks Businesses and Tenants for "Suite Spot @ Sugar Hill"
Sugar Hill, GA, April 23, 2014 --(PR.com)-- Is your local home-based business looking for a new home? If so, your small business is invited to come grow with the City of Sugar Hill at the “Suite Spot.”...
Read more on Politics Balla
 
Obama Has Legal Duty to Provide Clemency for Drug Offenders Says Federal Clemency Advocacy Center
Washington, DC, April 23, 2014 --(PR.com)-- Obama Administration Has Legal - Moral Duty to Provide Clemency Relief for Mandatory Minimums. Criminal justice reform advocates today announced support for the Obama...
Read more on Politics Balla
 
Mark C. Britton Recognized by Strathmore's Who's Who Worldwide Publication
Durham, NC, April 23, 2014 --(PR.com)-- Mark C. Britton of Durham, North Carolina has been included in the Strathmore’s Who’s Who Worldwide Edition for his outstanding contributions and achievements in the...
Read more on Business Balla
 
Osagie Imasogie Recognized by Strathmore's Who's Who Worldwide Publication
Philadelphia, PA, April 23, 2014 --(PR.com)-- Osagie Imasogie of Philadelphia, Pennsylvania has been included in the Strathmore’s Who’s Who Worldwide Edition for his outstanding contributions and...
Read more on Business Balla
 
Dr. Stephen Katsinas Has Recently Been Recognized by America’s Registry of Outstanding Professionals
Farmingdale, NY, April 23, 2014 --(PR.com)-- Dr. Stephen Katsinas is currently the Director of Education Policy and Professor of Higher Education Administration at the University of Alabama (education.ua.edu). He...
Read more on Business Balla
 
Online Wreaths Releases the Most Comprehensive Wreath Buyer's Guide
Newland, NC, April 23, 2014 --(PR.com)-- Choosing a wreath can be a daunting task for many potential buyers, this guide is designed to take some of the confusion out of buying a wreath. Many of the common questions...
Read more on Business Balla
 
Medical Device Market in China to 2018 - Market Size, Trends, and Forecasts
Navi Mumbai, India, April 23, 2014 --(PR.com)-- This industry report offers the most up-to-date market data on the actual market situation, trends and future outlook for medical devices in China. The research includes...
Read more on Business Balla
 
 
Auto Balla Sexy Balla Sport Balla TV Balla Politics Balla Movie Balla Apple Balla Business Balla Ad Balla Celebrity Balla