Exploration has discovered two more shipwrecks
in the north Atlantic Ocean, the company
announced this week. The Florida-based
underwater salvage company filed admiralty
claims for exclusive salvage rights in Tampa
federal court Wednesday and released a public
According to Odyssey, the two shipwrecks are
steel-hulled, and as yet unidentified. The
company said the sites are believed to contain
"valuable cargo," that is "beyond the
territorial waters or contiguous zone of any
sovereign nation" and over 300 miles from the
entrance to the English Channel.
Court documents indicate one site is 400 meters
below water while the other is 600 meters under,
with both resting some 100 miles of the
southwest coast of Ireland.
"The operation to locate and identify these
shipwrecks was undertaken with a chartered ship
and some new equipment and technology that we
are testing for application on future projects
while the Odyssey Explorer and Ocean Alert
undergo their 5 year surveys and drydock,"
commented Greg Stemm, Odysseys’s CEO.
In May 2007, Odyssey announced the discovery of
what could be the richest shipwreck in history.
Over 500,000 silver and gold coins, weighing 17
tons, was hauled up from a Colonial era site
code-named “Black Swan.” Since then, Spain has
filed claims contending the treasure is a part
of its cultural heritage and should be returned.
Odyssey has said the treasure was found in
international waters, and legally retrieved. The
case of ownership is now before U.S. federal
About Odyssey Marine Exploration, Inc.
Odyssey Marine Exploration, Inc. (Nasdaq CM:
OMEX) uses innovative methods and
state-of-the-art technology to conduct extensive
deep-ocean search and archaeological recovery
operations around the world.
Odyssey discovered the Civil War era shipwreck
of the SS Republic® in 2003 and recovered over
50,000 coins and 14,000 artifacts from the site
nearly 1,700 feet deep.
Odyssey offers various ways to share in the
excitement of deep-ocean exploration by making
shipwreck treasures and artifacts available to
collectors, the general public and students
through its webstore, exhibits, books,
television, merchandise, and educational
programs. JWM Productions is currently filming
Odyssey expeditions for an 11-part primetime
series for Discovery Channel, which is scheduled
to air worldwide in early 2009.
For details on the Company’s activities and its
commitment to the preservation of maritime
heritage, visit www.shipwreck.net.