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 Today


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

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

History

This Day In Naval History: May 4

1917 - Destroyer Division 8, commanded by Cmdr. Joseph K. Taussig, arrive at Queenstown, Ireland, to protect convoy escorts against German U-Boats. 1942 - Battle

UNSC Highlights IMO's capacity-building work in Gulf of Guinea

IMO Secretary-General Kitack Lim has welcomed the Presidential Statement from the United Nations Security Council (S/PRST/2016/4) in which the Council strongly condemns acts of murder,

US Coast Guard to Unveil Historic Lifeboat

A ceremony unveiling a historic lifeboat as a new static display in Chatham, Mass. is scheduled for 11 a.m. Friday at U.S. Coast Guard Station Chatham.   The

Subsea Salvage

Highest-Pull Wireline Conveyance System from Schlumberger

Schlumberger announced today the launch of the MaxPull high-pull wireline conveyance system that can pull from 18,000 lbf to 30,000 lbf in wells 40,000 ft [12,192 m] deep or more.

Cyberhawk Sinks Claws into US O&G Market

Cyberhawk Innovations, the world leader in aerial inspection and survey using Unmanned Aerial Vehicles (UAV), is set to boost its international credentials with

Indian Sub Kalvari Undergoes Sea Trials

‘Kalvari’ (Tiger Shark), the first of the Scorpene-class submarines, went to sea for the first time on Sunday marking the commencement of sea trials.    The

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Repair Ship Simulators
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: 0.0737 sec (14 req/sec)