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☆ Canada shipwreck: A fierce storm uncovered a mysterious vessel, now another could destroy it
▼ + stars: | 2024-02-14 | by ( Laura Paddison | ) edition.cnn.com time to read: +6 min

The Cape Ray shipwreck is an example of a wider phenomenon, experts say, where climate change-fueled storms are uncovering the world’s underwater history — but also destroying it. Shawn Bath, of the Clean Harbours Initiative, works to secure the shipwreck in Cape Ray, Newfoundland, Canada. Courtesy Shawn Trevor/Clean Harbours InitiativeA section of shipwreck that washed ashore is seen in Cape Ray, Canada. Forecasts suggest wind gusts of 25 mph around Cape Ray with waves up to 20 feet. In Cape Ray, Croft and Bath are doing all they can to protect the mysterious wreck.

Persons: Shawn Bath, Trevor Croft, ” Croft, Fiona, Shawn Trevor, Croft, Lisa Briggs, ”, “, Briggs, ” Briggs, that’s Organizations: CNN, Cranfield University Locations: Newfoundland, Canada, Cape Ray, Coast, French, British, Bath, seabeds, ”

☆ Norway is gearing up to mine precious metals from the depths of its ocean in a world first
▼ + stars: | 2024-01-09 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +4 min

Norway is set to become the first country to move forward with deep-sea mining in its waters. Industry experts don't expect deep-sea mining to start before at least the early 2030s. It could open 108,000 square miles of Norway's national waters to commercial deep-sea mining, per the BBC. AdvertisementThe industry would seek to collect rare minerals like lithium, scandium, and cobalt from nodules and crust found on the ocean floors. AdvertisementThere are very few places in the world where these rare minerals can be found on the surface.

Persons: —, Energy Terje Aasland, Walter Sognnes, Lise Øvreås, Michael Norton, Odd Kristian Dahle Organizations: Service, BBC, Petroleum, Energy, Politico, European Union, Guardian, World Resources Institute, University of Bergen, EASAC, Association of Norwegian Fishermen, Democratic Locations: Norway, Norwegian, Democratic Republic of Congo

☆ A hedge fund exec is funding hunts for treasures in shipwrecks at the bottom of the ocean
▼ + stars: | 2023-11-18 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

A 43 year-old hedge fund exec was revealed as one of the world's leading deep-sea treasure hunters. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA hedge fund executive has been unmasked as one of the world's leading deep-sea shipwreck hunters after a Bloomberg Businessweek investigation uncovered his decades-long hunt for sunken treasure worth billions. Marshall Wace is one of the world's biggest hedge funds, managing assets worth about $62 billion. AdvertisementThe technology has allowed wealthy individuals like Clake to fund exploration of the seabeds.

Persons: —, Anthony Clake, Marshall Wace, He's, Clake Organizations: Service, Bloomberg Businessweek, Bloomberg, SS, Colombian, US, Business Locations: London, American, South Africa, Africa, Spanish, Colombian, Bolivian, San

☆ Rare metals found on seabeds could be key to green technology, but mining them could wreak ecological havoc on the ocean floor
▼ + stars: | 2023-07-22 | by ( Elias Chavez | ) www.businessinsider.com time to read: +2 min

The ocean floor has billions of tons of rocks filled with important rare metals used for green technology. But a growing list of countries and corporations are calling for a moratorium on deep-sea mining. The International Seabed Authority missed its July 9 deadline to approve a set of rules and regulations for deep-sea mining. The missed deadline leaves the door open for companies to apply for mining licenses without proper regulations put in place. Representatives of the agency gathered for a two-week meeting in Kingston, Jamaica, to discuss the future of deep-sea mining.

Persons: Lise Øvreås Organizations: Service, Authority, BMW, Volvo, Samsung, ISA, University of Bergen, European Academies Science Advisory Council Locations: Kingston , Jamaica, Norway

☆ King Charles' III property empire includes 7 McDonald's, a Victoria's Secret, and an Apple store
▼ + stars: | 2022-12-23 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

The Crown Estate owns properties worth $17.6 billion, including farmland and seabeds. It also owns retail parks with stores including McDonald's, Starbucks, KFC, and Victoria's Secret. The Crown Estate, which generates profits for the UK Treasury, is owned by the reigning monarch and control was passed down from Queen Elizabeth II to King Charles III upon her death in September. Lingerie and sex-toy shop Ann Summers also has a store at the Westgate shopping mall in Oxford, as does Victoria's Secret. Regent Street in central London, which is owned by the Crown Estate.

A German fishing vessel that sank during World War II has been leaking pollutants that are changing the surrounding marine environment in the North Sea, according to a new study. The 80-year-old shipwreck is the V-1302 John Mahn, a fishing trawler that was used as a German patrol boat in WWII. The pollutants found in samples from the ocean floor included various heavy metals, including nickel and copper. "Although we don't see these old shipwrecks, and many of us don't know where they are, they can still be polluting our marine ecosystem," Van Landuyt said in the statement. The V-1302 John Mahn research is part of an initiative called the North Sea Wrecks project, which is studying the seabeds around shipwrecks off the Belgian coast.

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