LIMASSOL CYPRUS: Cypriot authorities have confiscated the cargo of a Bahamas-flagged ship suspected of illegal treasure hunting, and are questioning its crew.
Acting on a tip, police on Wednesday secured a search and seizure warrant for the vessel, which has been moored at Limassol harbor since December 17.
The ship was active out at sea prior to that date.
Police, assisted by antiquities department and customs officials, boarded the ship and discovered in its hold, which was locked, 57 crates in which several ancient artifacts were being held.
GUATEMALA CITY, GUATEMALA: Elements of the PNC (Civil National Police), conducted a raid on two homes Saturday in Villa Nueva about 10 Klicks south of the city.
The investigation and subsequent raid were conducted in order to dismantle a gang that was laundering money from the proceeds of various crimes.
The investigation into the case was carried out for over a month, and the two houses were used by members of the gang.
Deep-ocean explorer Odyssey Marine Exploration Inc. announced Wednesday it has sold intangible and tangible assets related to its shipwreck business for $21 million.
California-based Monaco Financial LLC and affiliated entities purchased the assets, according to a statement.
Included in the deal are all of Odyssey's bank debt, totaling $11.7 million; $2.2 million of Odyssey's debt owed to Monaco Financial is retired; $5 million of this debt ceases to accrue; a $1 million loan from Monaco was retired; and a further $1 million in case was provided for general corporate uses; according to the statement.
Odyssey will retain a 21.25 percent interest in the future net proceeds from shipwreck projects as part of the deal, and holds an exclusive contract to provide shipwreck search and recovery services, according to the statement.
A 1796 Pence was found during the excavation of a site near Wetherburn Tavern on DoG Street in Colonial Williamsburg. (Fred Blystone / Colonial Williamsburg)
Archaeologist Mark Kostro stood in the center of an excavation site next to Wetherburn Tavern Friday morning, talking to a group of Colonial Williamsburg tourists about the work being done there.
"What are these holes?" a New York woman asked Kostro, pointing at a trio of deep, round circles etched deep into the ground of the waist-high site.
The holes were from 20th century light posts. The archeologist described the excavation site as a mix of the past and recent present; stacks of bricks that held up a 17th century porch were a step away from items like electrical wiring and pipes for water and oil heating.
During the dig, archaeologists recovered a penny from 1796 that's in such good condition that you can make out the flowing hair and face of a woman and the word "Liberty," and "1796," on its face. Coins like it can be worth anywhere from $2,000 to $17,000 on eBay and other coin collector websites.
BELLEVUE, Wash. — Treasure hunting is inherently risky and those who invest often don’t see a return.
Bellevue resident Ken Harbeston knows the risk, and for 30 years, he has been trying to reap the rewards.
In 1981, Harbeston and a group of investors spent $12 million to rent a deep water submarine.
They were searching for the holy grail of shipwrecks, the San Jose.
The San Jose sank in a battle off the coast of Cartagena, Colombia, in 1708.
It was filled with gold and silver that could be worth up to $17 billion today.
While searching the ocean floor, Harbeston found the ship.
"There were wood piles and an iron cannon," said Harbeston.
SPAIN: Secretary of State for Culture, Jose Maria Lassalle, was since Saturday in Cuba on an official visit, where he learned of the discovery of the ship San Jose. After a day of situation analysis, Lassalle said that since the Executive Mariano Rajoy addressed prudently fact, given the special relationship with Colombia Spain. But the triumphalism shown yesterday by President Juan Manuel Santos has made since Culture see with concern the implementation of Colombian law of 2013 for the protection of underwater heritage. It is a rule that Lassalle had previously had occasion to discuss the news at some point -a eyes of Spain, "worrying" - with the Colombian Minister of Culture, Mariana Garces.
Colombian President Juan Manual Santos hailed on Saturday the discovery of a Spanish galleon that went down off the coast of the South American nation more than 300 years ago with what might be the world's largest sunken treasure.
"Great news: We have found Galleon San Jose!".
The San Jose was carrying gold, silver, gems and jewelry collected in the South American colonies to be shipped to Spain's king to help finance his war of succession against the British when it was sunk in June 1708.
The company and the government agreed to split any proceeds, but the government later said all treasure would belong to Colombia, a view that was backed by a United States court in 2011. SSA said in 1981 it had located the area in which the ship sank.
Hellenistic shipwreck at Styra, Euboea [Credit: Greek Ministry of Culture]
Attica is to create a unique 'archaeological' scuba park featuring 26 well-preserved underwater shipwrecks open to visitors in the Gulf of Evia, the Greek Ministry of Culture has announced.
According to the announcement, the high specification diving park will act as an "underwater museum" and will have six visit able sites in the Styra island group, the Kavalliani - Almyropotamos Cove area, the Petalioi islands, Akio Island and Portolafia in Evia, Makronisos and the Lavreo area.
The project is expected to help boost the economy and local communities, the development of tourism and to promote the area's unique underwater monuments, as well as creating new jobs," the announcement said.
The Blue Water Rose out of Key West Florida, moored just outside the Panama Canal. She was one of the primary recovery vessels used to recover artifacts from the wreck of the San Jose. (Photo - TreasureWorks)
By Tommy Vawter
It has been some time since I have sat down and put pen to paper on this subject matter, save a rant from time to time on TreasureWorks FORUMS or on my facebook account. The last time was back in February of 2013 when I penned an article on my blog titled “Treasure Hunters – v – Archaeologists”.
Back then I supported the efforts of some professional Treasure Hunters who were working alongside Archaeologists and in cooperation with the Governments who had possible historic and reachable treasure within their political boarders, as the best way forward for the rescue of long lost shipwrecks from the ravages of the sea.
Just the year prior, Odyssey Marine was forced to hand over to the Kingdom of Spain some $500 Million in treasure they had recovered in International Waters, in what seemed at the time to be an arbitrary and capricious decision by the US Supreme Court, not to stay a lower court ruling awarding the treasure to Spain. This precedent setting case basically pumped out centuries of International Shipwreck Salvage Law with the bilge water.
That plot thickened with the release via WikiLeaks of a State Department Cable to the Kingdom of Spain where the US State Department promised support to Spain in the Odyssey Marine case in a quid pro quo exchange for Spain’s support in efforts to recover a painting from a French Museum that was taken by the Nazi’s during WWII, from relatives of a wealthy family, and presumably a Clinton campaign contributor now residing in the US. While the Kingdom of Spain ended up with the Odyssey Marine Treasure, the painting is still hanging in a French Museum.
This time it’s not the State Department in cahoots with a foreign government, for their own misguided political ends, all too eager to sacrifice the hard work and considerable expense of truly archaeological conscious treasure salvors. No, this time it’s the United Nations coming to the rescue of the Kingdom of Spain (more about Spain in a later blog), and the Panama Institute of National Culture.
Terry Dwyer, a heavy equipment salesman and part-time diver who lives in the Eastern Shore community of Spanish Ship Bay, says in a new book that the province made a ‘colossal mistake’ five years ago when it repealed the Treasure Trove Act. (Contributed)
NOVA SCOTIA: Heavy equipment salesman and part-time diver Terry Dwyer says in a new book the province made a “colossal mistake” when it repealed the Treasure Trove Act five years ago, effectively killing the shipwreck salvage industry and cutting off any new research into Nova Scotia’s undersea heritage.
Dwyer’s book — called Wreck Hunter 2: The Adventure Continues — comes out Saturday and is part adventure tale, part technical manual and part political polemic on the government’s decision.
“The political part is a necessary evil, because there’s so much misinformation out there, and it’s a question that there’s no short answer for,” he said Thursday in an interview from his home in Spanish Ship Bay on the Eastern Shore.
“I get asked about it a lot every time there’s a shipwreck found, but you can’t just answer it in a sentence. That’s why I put that chapter in.”
Until 2010, divers were able to apply for a treasure trove licence from the province, which would allow them to salvage artifacts and other items from shipwrecks, Dwyer explains in the book.
While divers were allowed to keep 90 per cent of the treasure they found, they had to hand over all artifacts to the province first, leaving mostly coins that could be kept, making the adventure less lucrative than many people believe, he wrote.
- Ship graveyard piled with Ancient Greek, Roman wrecks found in Aegean
- Spain returns pre-Columbian artifacts
- Seized hoard of coins found in Shropshire ruled as treasure trove
- 152-year-old shipwreck discovered in Lake Ontario
- Italians identify five locations where fabled Roman treasure hoard may be buried
- Mysterious Ancient Maya Mural Keeps Its Secrets
- Search for Capt. Cook's Shipwrecked Endeavor Continues in Newport Harbor
- Spain hails the end of contract to exploit the galleon San Jose