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Search resuls for: "San Jose Galleon"


3 mentions found


☆ San José: Colombia launches expedition to explore 300-year-old Spanish shipwreck filled with sunken treasure
  + stars: | 2024-05-22 | by ( Heather Chen | Michael Rios | ) edition.cnn.com   time to read: +3 min
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 history of the San José galleon, the 300-year-old sunken ship behind a $10 billion legal battle, known as the 'Holy Grail of Shipwrecks'
  + stars: | 2023-11-08 | by ( Grace Eliza Goodwin | ) www.businessinsider.com   time to read: +4 min
The San José galleon sank off the coast of Colombia in 1708 during a battle with British forces. Many of the treasures on board the San José were taken from Colombian and Peruvian mines using slave labor, Insider previously reported. ARMADA DE COLOMBIAIn 1708, the year the San José met its tragic fate, Spain was in the midst of the War of Spanish Succession. ARMADA DE COLOMBIAOn the night of June 8, 1708, British commander Charles Wager attacked the Spanish fleet near Cartagena, Colombia. By modern estimates, the San José may contain between $4 billion and $20 billion of riches, according to Bloomberg.
Persons: —, José, Spain's, King Philip of Anjou, Charles of Austria, Philip of Anjou, King Louis XIV, Philip, Charles Wager Organizations: British, Service, West Indies Fleet, Spanish, Expedition, Bloomberg Locations: San, Colombia, Colombian, San Jose, COLOMBIA, Spain, Spanish, France, Cartagena , Colombia, Santa Cruz, American, Bolivia
☆ A $10 billion battle is brewing over ownership rights to a 300-year-old sunken warship believed to hold the biggest maritime treasure ever
  + stars: | 2023-11-08 | by ( Erin Snodgrass | ) www.businessinsider.com   time to read: +5 min
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
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