Deep-sea treasure lures salvage firm
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The search for sunken treasure in deep-sea shipwrecks may sound like the stuff of children's adventure stories rather than corporate boardrooms.
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The plan allows for exploration of the outer continental shelf, which industry officials say is critical to the economy.
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An American-owned ship that was boarded and forced into Spanish port last week by authorities who suspect it snatched a treasure worth millions from a sunken Spanish galleon has been cleared to leave Spain, its owners said on Tuesday.
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A new deep-sea research vessel will be able to carry people to 99 percent of the ocean floor, diving deeper than the famed Alvin that pioneered the study of seafloor vents, plate tectonics and deep ocean creatures over the past 40 years.
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Global Marine Ltd. (Pink Sheets:GLBM) announced today that the Company would open a Spain-based subsidiary to resume marine archeological, investigation and the search and recovery of numerous shipwreck targets ...
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The unearthing in Macedonia of what is thought to be cognac dating from World War I sparks a treasure hunt.
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After 800 years at the bottom of the sea, a merchant ship loaded with porcelain and other rare antiques was raised to the surface Friday in a specially built basket, a state news agency reported.
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A shipwreck off the North Carolina coast believed to be that of notorious pirate Blackbeard could be fully excavated in three years, officials working on the project said Friday.
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"The treasure in this case is the wreck itself."  A U.S. underwater archaeology team announced Thursday it has likely discovered the shattered remnants of a ship once captained by the notorious buccaneer William Kidd off a tiny Dominican Republic island.The barnacled cannons and anchors found stacked beneath just 10 feet of crystalline coastal waters off Catalina Island are believed to be the wreckage of the Quedagh Merchant, a ship abandoned by the Scottish privateer in 1699, Indiana University researchers say.'When I first looked down and saw it, I couldn't believe everybody missed it for 300 years,' said Charles Beeker, a scuba-diving archaeologist who teaches at Indiana University. 'I've been on thousands of wrecks and this is one of the first where it's been untouched by looters.' Read more
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The playground legal principle "Finders keepers, losers weepers" is being put to the test in an international dispute over what could be the richest sunken treasure ever found: 17 tons of silver coins brought up from a centuries-old shipwreck.
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Deep sea treasure hunters face charges of operating as modern-day pirates. They, however, prefer to see themselves as "commercial archaeologists".
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By RANDOLPH E. SCHMID Associated Press  Scientists discover exotic creatures more mysterious than most can imagine.   WASHINGTON -- Peering deep into the sea, scientists are finding creatures more mysterious than many could have imagined.
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When an exploration team member discovered an anomaly on the ocean floor that turned out to be a $500 million shipwreck, he found a way to get his own share of the booty -- insider trading, according to the U.S. regulators who nabbed him.
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When scientists opened the watch belonging to the H.L. Hunley commander three years ago, they thought they had the key clue to why the Confederate submarine sank off Charleston.
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NASA scientists said Friday they had recovered some intact materials from the wreckage of the Genesis space capsule that crashed this week and were hopeful that the mission to gather solar atoms could be salvaged.
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Shipwreck being broken up after efforts to refloat it failed.
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Finding the wreck of a 19th-century steamer in Florida has taken special technology and the results have been extraordinary.