Nuytco Research News

Florida-based Global Marine Exploration, Inc. (GME) seeks to raise $12 million dollars to continue development of their deep underwater salvage division GME Deep . This effort is the next step in the company's plan to rescue billions in gold and treasure from the ocean depths. GME, in collaboration with world-renowned shipwreck explorer and archaeologist Sir Robert Marx, will be hosting a private investment event in Orlando, Florida. Investors will be treated to an in-depth look at the new age of historic shipwreck exploration.

British Columbia Ferries could get a first glimpse of its sunken vessel Queen of the North this weekend. Nuytco Research Ltd. has been hired by the ferry operator to survey the remains of the 37-year-old ship, which sank south of Prince Rupert after its hull was ripped open as it steamed off course and struck a submerged rock. Two passengers remained missing and were presumed dead. About 100 passengers and crew were rescued, with only a few minor injuries reported, after the Canadian coast guard and residents of the small Indian community of Hartley Bay raced to the scene. Initially, the Nuytco sub will be the eyes for Canada's Transportation Safety Board, which has jurisdiction over the site but has not yet arranged for its own survey of the wreck. The B.C.