Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Juan David Correa"


2 mentions found


The images will then be used to build an inventory of the archaeological discoveries on the seabed. But it has also sparked a multi-billion dollar legal battle. Colombia maintains that it first discovered the San José in 2015 with help from international scientists. SSA has launched a legal battle against the Colombian government in the Permanent Court of Arbitration, claiming it is entitled to approximately $10 billion – half the estimated value of the shipwreck’s treasure. The loss of the San José and its cargo was said to have caused financial hardships to merchants throughout Europe and the New World, according to reports released by SSA.
Persons: , Juan David Correa Organizations: CNN, Colombian Institute of Anthropology, Wednesday, San, San Jose Galleon, SSA Locations: Colombia, Spanish, Caribbean, Cartegena, Colombian, Potosi , Peru, Panama, Cartagena, San Jose, José, Europe
The company claims it first found debris from the San José which sunk in 1708. Court cases over the years have estimated the treasure is worth anywhere from $4 billion to $20 billion, Bloomberg News reported. AdvertisementAdvertisementIn 2015, then President Juan Manuel Santos said the real San José shipwreck had finally been discovered, but declined to make the coordinates public, saying they were a state secret. The company is suing for $10 billion — equivalent to half the value of the ship's treasures, according to the company's estimates — under the US-Colombia Trade Promotion Agreement. Photos and video of the ship show fine china, coins, and cannons littered across the ocean floor where the San José sunk.
Persons: , San José, Morra —, COLOMBIA Glocca Morra, Juan Manuel Santos, Gustavo Petro, Culture Juan David Correa Organizations: Service, San, NBC, Bloomberg News, Colombian, Colombia, Bloomberg, Culture, Petro Locations: Colombia, Colombian, Spanish, San, Cartagena , Colombia, US, Spain, San Jose, COLOMBIA
Total: 2