It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Archaeologists fear the Titanic wreckage will be pillaged, broken up and even raised from the seabed after the company which owns the salvaging rights sank deeper into financial ruin.
Premier Exhibitions revealed plans to auction off its 5,500-strong collection of artefacts last month in a bid to wipe out debts estimated at up to £9 million.
Academics and relatives of Titanic victims fear for the future of the ship's future after reports also claimed the Atlanta-based firm plans to sell off its future salvaging rights too.
In an added twist, James Cameron, the director of the 1997 Oscar-winning blockbuster, featuring Leonardo DiCaprio and Kate Winslet, is reportedly planning to buy the entire collection for £165 million.
Along with Dr Ballard, the National Maritime Museum in Greenwich, and the Royal Geographical Society, the foursome want to return the artefacts to Belfast.
most shipwrecks/undersea gravesites are protected
Historically, salvage was promoted as a means to rescue imperiled property in order to return it to the lawful owner and the stream of commerce. Recently, emphasis has also been placed on the elimination of navigational hazards and reduction of potential environmental impacts such as pollution and habitat degradation.
originally posted by: ThePeaceMaker
a reply to: lordcomac
Got any links to back this up ?