A US court has awarded an American exhibition company $110 million for salvaging artefacts from the wreck of the RMS Titanic. The US Federal Judge ruled that RMS Titanic Inc, which displays the artefacts in museums across the world, is entitled to their full market value. The court will decide whether to grant the company ownership of the objects or sell them and give it the proceeds. The ship sank on its maiden voyage from Southampton to New York on April 14, 1912, killing more than 1,500 people. The Belfast-built ship sank about 400 miles off the coast of Newfoundland, Canada, two hours after hitting an iceberg. It was discovered in 1985 by an expedition led by Dr Robert Ballard.
News On AIR | August 14, 2010 12:09 PM
Titanic artifacts: Company to pay $110