NORFOLK, Va. — The company that has exclusive rights to salvage the Titanic is planning a possible expedition to the world’s most famous shipwreck in 2010.
The first expedition to the North Atlantic wreck site since 2004 is revealed in a filing by RMS Titanic Inc. in U.S. District Court, where four days of hearings are scheduled to begin Monday on the company’s claim for a salvage award.
Lawyers for RMS Titanic Inc. confirmed the expedition plans but declined to discuss them in detail.
“That is something that is being looked at right now but it’s not in any way a done deal,” attorney Robert W. McFarland said in an interview. He said the company would have more to say at this week’s hearing.
U.S. District Judge Rebecca Beach Smith, a maritime jurist who considers the wreck an “international treasure,” will preside over the hearings. They are intended to determine a salvage award and establish legal guarantees that thousands of Titanic artifacts remain intact as a collection and forever accessible to the public. Some pieces have ended up in London auction houses.
The 5,900 pieces of china, ship fittings and personal belongings are valued in excess of $110 million and are displayed around the world by Premier Exhibitions Inc., an Atlanta company. RMS Titanic is a subsidiary of Premier.
The Titanic sank on its maiden voyage in international waters on April 15, 1912, and has been subject to competing legal claims since an international team led by oceanographer Robert Ballard found it in 1985. Since then, RMS Titanic has retrieved artifacts during six dives.
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I don’t get it. The ship sank. People died. It was a tragedy on several levels. How does this make wreckage so valuable? Are people really that ghoulish?