Shipwreck Hunter Explores 5 Vessels on Atlantic Seabed

  by Sonja Elmquist (Bloomberg) A U.S. salvage company that has recovered precious metals from miles below the surface of the Atlantic over more than two decades is exploring five shipwrecks it says may have “significant” cargoes of gold and silver. Odyssey Marine Exploration Inc. said Tuesday it carried out underwater reconnaissance using a remotely operated vehicle. It’s … [Read more...]

Shipwreck Hunter Recovers Gold From Deepwater Atlantic Site

May 5 (Bloomberg) -- Odyssey Marine Exploration Inc., a marine salvager specializing in extracting cargoes from sunken ships, recovered its first gold from a 19th-century vessel lying more than a mile beneath the Atlantic Ocean. Odyssey recovered almost 1,000 ounces (28 kilograms) on April 15 during its first reconnaissance dive to the wreck of the SS Central America. The … [Read more...]

Shipwreck Hunter Odyssey Tumbles on Withering Report

Oct. 31 (Bloomberg) -- Odyssey Marine Exploration Inc., the deep-ocean salvage company that has recovered millions of dollars of precious metals from shipwrecks, plunged the most in two years after short seller Meson Capital Partners LLC said it will run out of cash. Odyssey fell 24 percent to $2.16 at the close in New York, the largest drop since September … [Read more...]

WWII Shipwreck Gives Up 61 Tons of Silver 3 Miles Under Atlantic

July 22 (Bloomberg) -- Odyssey Marine Exploration Inc., a deep-sea salvage company, said it retrieved more than 61 tons of silver bullion this month from a World War II shipwreck nearly three miles (4.8 kilometers) under the surface of the Atlantic Ocean. Odyssey recovered 1,574 silver ingots weighing about 1.8 million ounces from the SS Gairsoppa, the Tampa, Florida-based … [Read more...]