400-Year-Old Shipwreck ‘Discovery of Decade’ for Portugal

By Catarina Demony CASCAIS, Portugal, Sept 24 (Reuters) - Archaeologists searching Portugal's coast have found a 400-year-old shipwreck believed to have sunk near Lisbon after returning from India laden with spices, specialists said on Monday. "From a heritage perspective, this is the discovery of the decade," project director Jorge Freire said. "In Portugal, this is the … [Read more...]

Company Claims to Find Russian ‘Treasure Ship’ Amid Skepticism

By Josh Smith SEOUL, July 19 (Reuters) - A company claiming to have found the wreck of a Russian warship with $130 billion in gold "treasure" off the coast of South Korea has drawn skepticism from researchers and regulators in Seoul. Shinil Group, which lists a Singapore address on its website, said on Tuesday it had discovered the wreck of the Dmitrii Donsk, a Russian … [Read more...]

500-Year-Old Astrolabe May be ‘Earliest Marine Navigation Tool’ Ever Discovered

Researchers at the University of Warwick have identified what is believed to be the earliest known marine navigation tool ever discovered.  The artifact, now determined to be an astrolabe, was excavated in 2014 from the wreck of a Portuguese explorer ship which sank during a storm in the Indian Ocean in 1503. The ship was called the Esmeralda, part of a fleet led by … [Read more...]

Colombia Moves Toward Salvaging Treasure from Sunken Spanish Galleon

BOGOTA, July 5 (Reuters) - Colombia is making progress towards salvaging a Spanish galleon carrying jewels and coins that sank more than 300 years ago, President Juan Manuel Santos said on Wednesday after receiving a proposal from an investor to bring it to the surface. The ship named San Jose, thought by historians to be carrying one of the largest unsalvaged maritime … [Read more...]

A Shipwreck Possibly Containing $17 Billion Worth of Lost Gold Has Been Found Off Colombia, And Everyone Wants a Piece

By Charles Penty (Bloomberg) -- In 1708, the Spanish flagship San Jose was sunk by a British squadron near the port of Cartagena, in what is modern-day Colombia, taking down with it about 600 souls and a treasure that a U.S. salvage group says may be worth as much as $17 billion. More than three centuries after the broadside from a Royal Navy ship sent the San Jose to the … [Read more...]