Monday, 26 January 2009

British Shipwreck Holds £2.6 Billion Treasure, Explorers Claim

A picture of the Blue Baron supplied to The Sunday Telegraph by the company shows it is a tramp steamer and her 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 – indicating that the Blue Baron could be one of them. However, none of the fleet's 17 ships lost in the war appear to have been sunk in this area in June 1942.

The picture also 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 a half tons of industrial diamonds and 16 million carats of gem quality diamonds.

In addition, there were several thousands tons of tin and a few thousand tons of copper ingots. Although the tin and copper may have lost some value after years on the sea bed, the precious metals and diamonds would not have done so.

The haul's total worth is calculated at £2.6 billion at today's prices, according to the firm.

http://www.telegraph.co.uk/earth/environment/archeology/4330310/British-shipwreck-holds-2.6-billion-treasure-explorers-claim.html

[Posted at the SpookyWeather blog, January 26th, 2009.]

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