Deep Blue Marine Inc. (OTC: DPBM) Deep Blue is dedicated in their searches and responsible to their commitment to preserve both the oceanic environment and the treasures themselves.
Their process begins with responsible commitment to an involved project. There is research to do, combing archives for valuable information. Shipwreck survivors’ accounts are invaluable, as are the ships’ logs, third-person accounts, newspaper articles, and so forth. Knowledge of laws and claims associated with the sought-after property is necessary. Preparation to find exact locations is required as well as the diving gear and equipment. Modern equipment provides many ways to determine locations and recover artifacts and has somewhat shortened the traditionally lengthy and laborious processes.
Monumental Success Stories
Dogged determination and patient investors enabled Mel Fisher in the 1980s to find the 17th century Spanish ship Atocha after nearly 16 years of looking and working. He then found the Atocha’a sister ship, the Santa Margarita, a short time later. Combined, the two ships were of inestimable value, but an opportunistic State of Florida attempted to commandeer the recovered wealth of the Atocha. It took years and millions of dollars to establish rightful ownership in the courts. The laws were already very clear, but the attempts to circumvent earlier precedents were costly to Fisher. However, it has “cleared the water” for others and established some important case law.
Others have had success. Tommy Thompson found the SS Central America, a mid-19th century (1857) paddle-wheel steamer, carrying abundant fruits of the California gold rush and many passengers, that went down off South Carolina in a hurricane while on the way from Panama to New York. He, too, had years of legal battles relating to insurance claims and other issues before his share of the treasure was established. At about $100 million, it was undoubtedly worth the work.
Greg Stemm, John Morris, and crew have navigated their company, Odyssey, toward only those wrecks for which they are certain of having no alternative claims to fight. Their 2003 find of the SS Republic, a 1865 paddle-wheel steamer that went down also in a hurricane en route from New York to New Orleans, has produced a handsome sum of at least $75 million. They are still working on it and others.
Source: Deep Blue Marine
Contact: Deep Blue Marine Inc.
696 W. 1st Ave. Suite #1
Midvale, UT 84047
Phone (801) 201-4691
Fax: (801) 568-1877
Email: wilf@alldeepblue.com
Website: http://www.alldeepblue.com/
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