Odyssey Marine Exploration Executes Agreement with Maritime Heritage Foundation for Admiral Balchin's HMS Victory Shipwreck

02 Feb 2012 8:59 AM | Anonymous

Odyssey Marine Exploration Executes Agreement with Maritime Heritage Foundation for Admiral Balchin's HMS Victory Shipwreck
Tampa, FL – February 2, 2012 - Odyssey Marine Exploration, Inc. (NasdaqCM: OMEX), a pioneer in the field of deep-ocean shipwreck exploration and archaeology, has executed an agreement with the Maritime Heritage Foundation for the financing, archaeological survey and excavation, conservation and exhibit of HMS Victory (1744) and artifacts from the shipwreck site. HMS Victory was a British First Rate Warship that sank during a storm in 1744 while under the command of Admiral Sir John Balchin.

In 2008, Odyssey discovered HMS Victory and is salvor-in-possession of the wreck. After a period of joint consultation between the UK Ministry of Defence and the UK Department for Culture, Media and Sport, and a public consultation period, the remains of HMS Victory were transferred to the Maritime Heritage Foundation in January 2012. The Foundation, a charity established to locate shipwrecks, investigate, recover and preserve artifacts to the highest archaeological standards and to promote knowledge and understanding of Britain’s maritime heritage, has now assumed responsibility for the future management of the wreck site.

http://shipwreck.net/pr240.php

©2018. Lawyers' Committee for Cultural Heritage Preservation            Contact Us  Site Map  Terms of Use                  2600 Virginia Ave., NW, Suite 1000, Washington, D.C. 20037                                    

Powered by Wild Apricot Membership Software