Last September we posted that Odyssey Marine Exploration had located the wreck of the S.S. Gairsoppa, which was torpedoed in February of 1941 by a German U-boat. When she sank, the ship was loaded with 240 tonnes of silver believed to be worth approximately $200 million (around £155 million.) Yesterday the company announced that, so far, they have recovered approximately 48 tonnes of silver worth roughly $38 million. The wreck lies almost three miles below the surface and is one of the most valuable and deepest ship wrecks ever salvaged. Salvage operations are expected to continue through September. Under a salvage contract with the British government, Odyssey will keep 80% of the proceeds after expenses.
Odyssey Announces First Load of Silver Cargo from Three Miles Deep
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