Pirates at the Wreck

S,

This is old news........see my note of Fri. under thread "RMST May Give Up Salvage Rights"......

You know what they say, nothing as old as yesterday's news......

G
 
This Pilot article only appeared yesterday, Sunday, March 23rd in the Virginia paper, and seems to furnish some additional background. Such an important topic deserves its own thread in my estimation. The outcome of how this all shakes down is going to be of massive importance on many fronts.
 
Good for them! I just hope they intend to display the artifacts recovered instead of selling them.

RMSTI have held exclusive salvage rights for way too long. While everything is slowly rotting away on the ocean floor the corporations key figures are tied up in litigation. When it comes to salvaging the Titanic, time is precious. I hope others will follow this team's audacious lead!

-Patrick-
 
Forgive my ignorance on this one, but isn't that a tad unlikely? How many submersibles are there around that can get down to the Titanic site? Wouldn't renting one be something people would hear about, not to mention the support apparatus and personnel necessary?
 
Not many Lee, but if you want access to one, about all you need, if the thing is available, is money in your hands. Should be interesting to see how this all plays out. With RMSTI giving up salvage rights, once the court with jurisdiction signs off on it, the ship legally becomes fair game for anyone with the resources to have a go at it.

Even if the four nations mentioned in the article sign that treaty outlawing salvage, it wouldn't have any force with a nation not a signatory to the treaty. Basically, if Russia was to go for it, they could tell the Four signers to go get stuffed and there wouldn't be much they could do about it.

It's not as if anyone is going to send a warship to protect a wreck.
 
Almost more disturbing than the story is the assertion that Titanic now lies at a depth of 20 miles.
But at least that should stop any more salvage...
 
It will get very interesting when the shareholders begin litigation to recover their investments - since RMSTI has no other assets, the artifacts will be sold, notwithstanding American law.

Lawyers, sharpen your pencils.
 
> Hello!

I'm sure they meant 2 instead of twenty. The editor should've caught that one! Almost as good as CNN's accurate reporting that the space shuttle Columbia was reentering Earth's atmosphere at 20x the speed of light! Phew. No wonder it broke up.
 
I smell something fishy and it ain't caviar.

L D TravOcean is a major business, specialising in cable laying and associated work. It's site is at http://www.ldtravocean.com/index.htm

It has only one device capable of reaching Titanic. This is the ROV Abyssub 5000, which is unmanned but which has remotely controlled arms that can pick up objects.

What I can't see is why L D TravOcean should interupt its normal work, transfer Abyssub 5000 and all its gear to a British ship and go off to Titanic. Transferring the gear alone would be a major performance. I wonder if they were near Titanic in the course of normal work and stopped for a peep. Then the tale grew in the telling. Is this tale only in the Virginia Pilot? I'll have a look.
 

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