Search Results for 'Law of the sea'

The American Civil War (1861-1865) offered rich pickings to qualified seamen and shipowners looking for quick profits. The Union blockade of southern ports was beginning to have an effect on Confederate trade. But any ship which steamed safely through the blockade could command high prices for its cargo. On the homeward journey, if you were lucky, large profits could be made on a cargo of cotton which was in big demand in Britain.

Deep-sea exploration and salvage experts Odyssey Marine Exploration has set a new world record after recovering silver bullion worth up to €26 million from the wreck of the SS Gairsoppa, a 412-foot steel-hulled British cargo ship that was torpedoed by a German U-boat during World War II and sunk off the Galway coast in February 1941.

An American deep-ocean shipwreck exploration company is in for a major windfall after making the historic discovery of more than $200 million worth of silver which went down aboard a World War II British cargo steamer torpedoed by a German U-boat as it headed for the safety of Galway harbour to refuel.

An American deep-ocean shipwreck exploration company is set to begin a massive salvage operation to recover £70 million of silver which went down aboard a British cargo steamer during World War II 300 miles off the coast of Galway.