Blue Water Ventures Expands Recovery Efforts

SeaDiscovery.com
Tuesday, June 11, 2013

Blue Water Ventures International, Inc. (BWVI) announced that the company will be expanding its recovery efforts to include deeper underwater targets, including merchant ships from WWI and WWII. These shipwrecks are in both U.S. and International waters.

Given the higher costs associated with deep water salvage, each project will require significant funding that the company will have to raise on its own or with deep water joint venture partners. The company has obtained several targets of interest, and intends to immediately begin the requisite survey and archeological review to further refine these targets of interest prior to raising the capital needed to engage in these recovery operations.

Keith Webb, the company's President stated, "Creating a unit of Blue Water that explores deeper underwater sites certainly has its challenges but we are encouraged that our research and due diligence will provide our team with the best opportunity for financial success.

www.bwvkw.com
 

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Salvage

Stranded Virginia Beach Bulker Salvage Plan Set

The Coast Guard advises it is in the final stages of reviewing a salvage plan that is scheduled to begin Friday morning to move the 751-foot bulk carrier, 'Ornak',

Obama Offers US Aid to S.Korea Following Ferry Accident

U.S. President Barack Obama on Thursday expressed condolences to the families of the victims of the South Korean ferry sinking and said the U.S. military will provide

USCG Responds to Vessel Fire

The U.S. Coast Guard (USCG) reported it is responding to a report of a vessel that caught fire and became disabled with two men and a dog aboard south of the McCormick

History

Where in the World is USS Slater?

To answer, USS Slater is at Caddell Dry Dock and Repair in Staten Island. Typically, the ship is open to the public in Albany near the beginning of April. This season,

Maritime Reporter @ 75: The Daily Cartoon

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry,

Today in U.S. Naval History: April 17

Today in U.S. Naval History - April 17 1778 - Sloop-in-war Ranger captures British brig For more information about naval history, visit the Naval History and Heritage Command website at history.

Subsea Salvage

When Will Deep Sea Mining Commence? The Robot is Ready

The world's first deep sea mining robot sits idle on a British factory floor, waiting to claw up high grade copper and gold from the seabed off Papua New Guinea

KVH Precision Sensors for Geodetics' Inertial Navigation Systems

KVH Industries entered into a strategic partnership with Geodetics Inc., a leader in the development of real-time, high-precision position and navigation solutions.

Wreck-Removal Convention to Enter into Force

Shipowner liability on the horizon as Denmark ratifies international instrument The Nairobi International Convention on the Removal Wrecks will enter into force on April 14,

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Pod Propulsion Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction 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: 0.2237 sec (4 req/sec)