360° Coverage : 61 tonnes of silver salvaged from sunk British vessel

61 tonnes of silver salvaged from sunk British vessel

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.

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.

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 SeƱora 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

 
 
 

blog comments powered by Disqus

Latest stories

Apple Music is Coming up on One Month Anniversary
Apple Music is Coming up on One Month Anniversary
Reports says service has 10 million subscribers
 
 
Apple iPad mini 4 will be 6.1mm Thin
Apple iPad mini 4 will be 6.1mm Thin
Apple is expected to introduce new iPads this fall.
 
 
China Police Closed Factory Producing Fake iPhones of $19M
China Police Closed Factory Producing Fake iPhones of $19M
The Beijing Police busted factory with 41000 fake iPhones and arrested nine suspects.
 
 
iPad Mini 4 Could See Release this Year
iPad Mini 4 Could See Release this Year
Possibly could be unveiled alongside the iPad Air 3