Sunken Treasure Hunters Odyssey Report Progress

Press Release
Wednesday, August 15, 2012
Photo courtesy of Odyssey

Odyssey Marine Exploration Inc. report their progress on work on 'SS Gairsoppa' & 'HMS Victory'.

The chartered vessel working on the SS Gairsoppa project, the Seabed Worker, will make a scheduled port call in Cork, Ireland, beginning August 15, 2012. After taking on fuel, supplies and changing personnel, the Seabed Worker will immediately return to the site to continue recovery operations. Meanwhile a 10-week accumulation of silver in the smelting and monetization process from the first load of silver delivered to a UK port.

Preliminary assay results, testing a sample of the silver already recovered and delivered, have been received. A sample of 30 of the silver ingots reveals silver (Ag) composition of between 91.661% and 92.051% which is exactly in line with our expectations. Two of the bars were also tested for gold (Au) content. As these bars registered between .030% and .040% gold, additional bars will be assayed and steps will be taken to recover the gold during the processing.

Odyssey also reported today on progress with the HMS Victory project. The Company has concluded the archaeological pre-disturbance phases outlined in the Project Design which were to be completed prior to the recovery of artifacts. A detailed site map is being compiled and will feature extensive documentation relating to the site formation obtained with the use of a number of specialized remote sensing technologies and photomosaic imagery.

Mapping and identification of anomalies lying outside the site have also been completed. This process has provided a better understanding of the extent of the site, including identification and recording of artifacts associated with the shipwreck that have either been dragged off the site by trawlers or deposited during the sinking process. The Odyssey Explorer will be engaged in additional search and target inspection operations as a continuation of its "Atlas" project while awaiting instructions from the Maritime Heritage Foundation to proceed to the next phases of operations on the Victory site.

Maritime Today


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

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

People & Company News

Delia Succeeds Schmidt as Ohmsett Program Manager

MAR Incorporated has named John Delia the Program manager for Ohmsett – The National Oil Spill Response Research & Renewable Energy Test Facility, succeeding Bill Schmidt who retired in December 2015.

SBM Offshore: US Authorities Reopen Corruption Probe

SBM Offshore, the world's top oil production ship leasing company, said on Wednesday that U.S. authorities had re-opened an inquiry into bribery allegations involving the Dutch company.

The Next Generation of Hull Performance Management

Hull performance monitoring solutions can offer significant fuel savings potential, a fact that is prompting growing interest from the maritime industry. To spur

Salvage

Grounded Giant Chinese Boxship Freed

One of the world's largest container ships has been freed from a mud bank after running aground almost a week ago near Germany's largest port of Hamburg, German authorities said on Tuesday.

CSCL Indian Ocean Refloated

On Tuesday, February 9 at around 3am, local time, the containership CSCL Indian Ocean has been able continue her voyage to the Port of Hamburg. In a joint operation,

Attempts to Move Containership CSCL Indian Ocean Aground in Elbe Successful

The last five days stuck in Elbschlick 400-meter (1,312 feet) CSCL Indian Ocean, the 19,000 teu vessel aground on the river Elbe, owned by China Shipping Group Co.

Vessels

USCG to Inspect Storm-damaged Anthem of the Seas

The storm-damaged Royal Caribbean cruise ship Anthem of the Seas is scheduled to return to New York Harbor Wednesday evening where it will be met by a team of inspectors from U.

Royal Caribbean Ship Thrashed by Storm Returns on Wednesday

A Royal Caribbean cruise ship forced to turn back early after being battered by an Atlantic storm was expected to return to its New Jersey port at 9 p.m. on Wednesday (0200 GMT Thursday),

FSRU Golar Tundra Sold to Golar LNG Partners

Golar LNG Limited has entered into a purchase agreement to sell the Golar Tundra, a floating storage and regasification unit (FSRU), to Golar LNG Partners LP for a sale price of $330 million.

 
 
Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators 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: 0.1084 sec (9 req/sec)