Innocap Set to Recover Ancient Shipwreck

MarineLink.com
Monday, July 01, 2013

Innocap, Inc. has received an agreement with a company based in the Republic of the Philippines under which Innocap agrees to organize, plan and supervise then will begin recovery efforts of a shipwreck located off the coast of the Philippines. The ship, based on preliminary studies, appears to contain a cargo of Chinese porcelain made during the Ming Dynasty. Efforts will be made by Innocap to further identify and evaluate the best method of recovery, which includes conservation and archeological study of the pieces when made available. Under the agreement, the Philippine company is responsible for obtaining all necessary government and other approvals, permits and licenses. The preliminary recovery efforts will begin when all required permits and licenses are obtained.

Under the terms of the agreement, Innocap will be entitled to 50% of any cargo that is recovered from the salvage. Although many ships from the Ming Dynasty era contained cargoes worth millions of dollars by today's standards, there is no way at this time to estimate the value of the cargo on this sunken ship.

It is the intention of Innocap, Inc. to recover, treat and conserve the artifacts reclaimed. The company plans to create exhibitions and make the artifacts available to the general public. Innocap will create a video of the recovery and provide the video on our website, www.innocap-inc.com. Innocap will ultimately have to obtain funds to finance this project.

Paul Tidwell, President of Innocap, said, "We are working with groups in this part of the world and hope to be starting similar projects soon." Mr. Tidwell has experience in finding and salvaging sunken ships. Some of his activities have been filmed and shown on networks like the NBC, National Geographic Channel, and NHK Television in Japan.

His discovery of the sunken Japanese submarine I-52 is perhaps his most notable and historically significant achievement to date. Found at a depth of 17,500 feet, the I-52 is one of the deepest shipwrecks ever discovered, and it is of great national and cultural importance to Japan.
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Salvage

Kooiman to Repair MTS Julius Rütgers

Eiltank Schiffart GmbH & Co KG has placed the order for the repair of the inland waterway tanker vessel Julius Rütgers Shipyard with the shipyard Gerb. Kooiman B.

AFMA Moves to Strengthen Seabird Safety

Being followed by an albatross is considered to bring good luck to mariners but the birds themselves aren’t always so lucky when trying to pick up a free feed from fishing boats.

Houston Ship Channel Closed after Benzene Spill

A section of the Houston Ship Channel has been closed following the release of approximately 500 gallons of benzene from the tanker Maritime Jingan while moored at Vopak Terminal Thursday afternoon.

History

Antwerp Port CEO Scoops Baron Title

After 25 years as CEO of Antwerp Port Authority, Eddy Bruyninckx has been raised to the nobility by H.M. the king of Belgium with the rank of baron. In Belgium

Singapore Well-positioned to Benefit from Brexit Permutations

Singapore’s position as Asia’s leading maritime services hub is likely to be enhanced in a post-Brexit environment, according to Singapore-based Ince Law Alliance,

Fitch Affirms Adani Ports and SEZ at ‘BBB-‘

Adani Ports and Special Economic Zone Limited (APSEZ) today informed the Stock Exchanges that Fitch Ratings, Singapore has affirmed India-based APSEZ’s Long-Term

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Salvage Ship Repair Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0685 sec (15 req/sec)