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"Found" wreck with 2.6 B pounds worth of cargo

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"Found" wreck with 2.6 B pounds worth of cargo

Postby U-5075 » Sat Jan 24, 2009 6:39 pm

These are the guys who claimed to have found the U-boot off of
Cape Cod about 10+ years ago, then a multi-billion dollar wreck
between Haiti and Florida and then another big $$$ wreck a couple
of years ago. They are looking for investors.......... or they won't
turn any away. ... story.html

Salvagers claim they've found world's most valuable wreck

By Jasper Copping, The Sunday Telegraph
January 24, 2009 2:01 PM

Salvagers claim to have found the world's most valuable wreck - a British ship sunk by a German submarine while laden with a 2.6 billion pounds worth of cargo that included gold, platinum and diamonds.
In a project shrouded in secrecy, work is due to start on recovering the cargo, which was being transported to the United States to help pay for the Allied effort in the Second World War.

The scale of the treasure trove is likely to lead to a series of competing claims. Salvage laws are notoriously complex and experts say there could be years of legal wrangling ahead.

The company that located the wreck has not released the name of the vessel but has given the merchant ship the code name Blue Baron.

A spokesman said it had a predominantly British crew and had left a European port laden with goods for the US treasury under the Lend-Lease scheme, whereby the American government gave material support to the Allied war effort in exchange for payments.

The Blue Baron first sailed to a port in South America, where it unloaded some general cargo, before continuing north in a convoy, heading for New York. However, it was torpedoed by U87 and sank with the loss of three crew. Their nationalities are not known.

Sub Sea Research, a US-based marine research and recovery firm, claims it has now located the wreck under 800 feet of water about 40 miles off Guyana.

Greg Brooks, the company's founder and co-manager, said: "This will definitely be the richest wreck ever."

Until now, historians have not credited U87 with sinking any vessels in that area in June 1942 and it was thought to have been operating further north.

Sub Sea Research claims to have located the submarine's log book, which proves that it did sink the Blue Baron, as well as documents from the port of origin, the US Treasury and the Lend-Lease programme giving clues as to what was on board.

A picture of the Blue Baron supplied by the company shows it to be a tramp steamer and its funnel appears to resemble those of the shipping line Hogarth and Co, of Glasgow, whose ships were known as Hungry Hogarths.

Tantalisingly, the names of its ships all began with the word Baron. However, none of the fleet's 17 vessels lost in the war appear to have been sunk in this area in June 1942.

However, the picture resembles Port Nicholson, a steamer sunk by U87 in June 1942 but 2,000 miles north of Guyana off Cape Cod. Sub Sea Research insists that the Port Nicholson is not the Blue Baron.

It claims that the Blue Baron's cargo included at least ten tons of gold bullion, 70 tons of platinum, one and a half tons of industrial diamonds and 16 million carats of gem quality diamonds.

In addition, there were thousands tons of tin and copper ingots. Although that may have lost value after years on the sea bed, the precious metals and diamonds would not have done so. The haul's total worth was calculated at 2.6 billion pounds at today's prices.

Sub Sea Research has filed a claim for the cargo in a US federal admiralty court, to which no counter claims have been lodged so far, although the government that had owned the cargo would retain a strong claim on it.

"I know that everyone -possible will try to take it from us, but we are doing everything by the book," said Mr Brooks. "The worst-case scenario, under salvage law, is that we would get 90 per cent of it."
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Postby U-5075 » Sun Jan 25, 2009 12:25 pm

There is now one article in a Canadian paper and one in a Brit paper.

Their previous "discoveries."
"OPERATION CA-35" is a joint project of discovery conducted by Trident Research & Recovery, Inc. of Framingham, Massachusetts and Sub-Sea Research, Inc. of Portland, Maine. It is much more than just a marine salvage operation. Indeed, it is an attempt to discover the facts surrounding the sinking of a legendary German U-Boat off the coast of Cape Cod, Massachusetts in August of 1944, and to uncover the reasons for its secrecy for over fifty-four years.

[Although they claimed to have found it. They did not. Their announcements stopped and there were no further news releases.]
Sub Sea Research team finds Notre Dame de Deliverance treasure wreck
Greg Brooks and John Hardy of the Sub Sea Research states "It was one of the richest ships ever lost," they estimate the value of the Deliverance's trove could be between $2 billion and $3 billion. ... ous-metals
The total worth of the cargo equals out to more than four billion dollars, with the tin and copper alone
valued at $165 million dollars in scrap value.
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Postby U-5075 » Mon Jan 26, 2009 11:46 am

Lots of photos of similar WWII ships.

Murky treasure ship find raises doubts
Identity of vessel less than clear...

Yesterday's Sunday Telegraph carries a report that a US salvage company has found a torpedoed cargo ship, which they claim contains the greatest ever maritime treasure from a wreck.

The photo that accompanies the article is a blurred fascimile that is supposed to be the wreck. They have, according to the Telegraph, codenamed the vessel 'BLUE BARON" as they do not want the identity of the vessel made known, not her exact whereabouts.

A member of staff at the Sunday Telegraph linked the photo to a vessel called the PORT NICHOLSON and Shipping Times has located a photo that is the original of this fascimile which clearly shows that the Telegraph was correct. The photo IS that of the PORT NICHOLSON. She was lost off Cape Cod, sunk by U87 on 16 June, 1942.

This rather casts a doubt on the company's insistence that U87 sunk their wreck in June '42. From available records it is quite clear U87 was never off Guyana in that year, never mind that month. In fact in all her (short) career she spent her time exclusively patroling either the Iberian coast or on the North Atlantic.

On 19th May 1942 she left St. Nazaire to start a 51 day patrol of the North Atlantic. From data obtained at it is evident each day was plotted faithfully until she retuned to St. Nazaire on the 8th July. At no time could she, or did she, deviate from this patrol.

This then rules out this particular U-boat but leaves us with the questions on the wreck the company say they have found and, if she was a war loss, who sent her to the bottom.

The company claims their wreck lies 40 miles off Guyana and was on a voyage from Europe to New York with 'land-lease materials' - including gold bullion, gems and ingots of copper and other metals.

Shipping Times has looked at the records of every ship sunk by U-boats in June of 1942 and none of the sinkings match, not even closely.

In the Telegraph the company insists U87 sank their vessel in the location they have found her:

"...Sub Sea Research claims to have located the submarine's log book which prove it did sink the "Blue Baron", as well as documents from the port of origin, the US Treasury and the Lend-Lease programme giving clues as to what was on board."

It is beyond credibility that U87 was in that area at the time and even more incredulous that her movements should be covered up. Also, crew on the sunken vessel would have known what was in her hold.

Here is a list of vessels known to have sunk in the region of Guyana (we presume this refers to what was known as British Guiana ). We think we may have located the nearest wreck if we accept the US salvage company's location. However, not all facts fit for any one vessel as described by them

Nearly all of the vessels look similar or could be construed as similar to the photo provided by the company.

[Then the articles shows a bunch of WWII ship photos and provides ship details.]

Whilst we cannot be sure of the vessel in question, one thing is certain, she cannot have been sunk on the date that the salvage company thinks, nor by the U-boat claimed. Any of the above could be the ship and we'd be delighted to hear from Sub Sea Research if our efforts have helped ID their wreck.

With thanks to and from which most data has been obtained
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Postby U-5075 » Tue Jan 27, 2009 9:10 pm

Enter the Russians

Soviet Treasures found in British Shipwreck

A British ship stuffed with gold, diamonds and platinum was sunk by a German submarine in June of 1942. It was American company Sub Sea Research that found the ship lying on the seabed not far from Guyana, South America.

The shipwreck holds a £2.6 billion cargo consisting of gold, diamonds and platinum. The name of the ship and its exact location are not announced, though a code name of Blue Baron was given to the ship.

67 years ago the ship with treasures onboard left one of European ports for the USA. The goods were intended for the US Treasury as payment for military equipment and material support. On its way to New York the Blue Baron was intercepted by a Nazi U87.

Several governments are expected to lay claims over the treasures. According to the Daily Telegraph, 500 kilograms of diamonds could be British, while 10 tons of gold and 70 tons of platinum could belong to the Soviet Union.

Sunken treasure with a Soviet past
A treasure-filled vessel discovered off the coast of Guyana may contain 10 tonnes of gold, 70 tonnes of platinum, 1 1/2 tonnes of industrial diamonds and 16 million carats of gem-quality diamonds, making it the most valuable underwater discovery ever.

According to a US-based marine research and recovery firm, Sub Sea Research, the merchant ship is located some 250 metres under water. The exact location of the World War II vessel which, according to preliminary reports, was sunk by a German submarine in 1942 has not yet been released in order to ensure that the ship’s cargo is brought to the surface safely. For the same reason, the vessel’s name has not been divulged, but, in the meantime, it has been nicknamed the “Blue Baron.”

“This British freighter had an extremely valuable cargo, and we decided there wasn’t a lot of point in leaving it at the bottom of the sea. This will definitely be the richest wreck ever,” the founder of Sub Sea Research, Greg Brooks, said in an interview with the “Daily Telegraph.”

So far, assessment has shown that the Blue Baron was on its way to New York from a European port, manned mostly by British nationals and bearing cargo for the U.S. Treasury. It was intercepted near the shores of Guyana by a German submarine, sinking with its goods worth approximately US$ 3.5 billion.

According to Sub Sea Research, claims to the treasures found on the ocean floor could cause controversy amongst several rival parties due to the sheer monetary value of the discovery. The fact that no government has yet stepped forward to make a claim demonstrates that the discovery is being kept as quiet as possible, according to Brooks.

The ship’s substantial cargo was primarily Soviet, with the rest belonging to the British side of the WWII alliance. Russia, therefore, has an evident chance to claim at least part of the riches discovered on the seabed. Nevertheless, laws concerning salvaging items from the ocean floor can be complex and experts say this could mean years of legal disputes before ownership of the wreck is attributed to any party.

Russia could claim part of 'richest wreck' find

MOSCOW, January 27 (RIA Novosti) - Russia may file a claim for part of the multi-billion dollar treasure on board a British cargo ship sunk by a German submarine during WWII, the Sovfracht Maritime Bulletin said on Tuesday.

The British cargo ship, torpedoed in June 1942 while carrying billions of dollars worth of precious metals to the U.S. to help pay for the Allied war effort, was recently discovered by the Sub Sea Research company off Guyana.

"A certain percent of belongs to Sub Sea Research, but it's up to lawyers to decide. Russia possibly also owns a percent," the website said.

A large part of the cargo is believed to have belonged to the Soviet Union.

The sunken ship, codenamed the Blue Baron, is believed to contain gold, platinum and diamonds worth some $3.7 billion.

Sub Sea Research's founder and co-manager, Greg Brooks told "This will definitely be the richest wreck ever."

The discovery was unveiled only after the company had filed a claim on the treasure in a U.S. court. No other claims have been yet lodged.
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Postby Robert » Wed Jan 28, 2009 11:35 pm

How is it that anyone other than the finders have rights to a sunken ships contents? I thought it was finders, keepers, in intl. waters?
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