|The San José, potentially worth billions — will remain on the ocean floor a little longer. A local court had challenged the “public-private partnership” contract. Sea Search Armada, a US-based company, said it found the wreck in 1983 and that the coordinates it provided to the government were crucial to the San José’s rediscovery in 2015. In 2007, Colombia’s Supreme Court ruled that Sea Search Armada had the right to half of any treasure at the site that wasn’t 'national patrimony.'|
Colombia had dismissed Sea Search as greedy “treasure hunters”.
During the battle, the powder magazines of San José detonated, sending the ship to the bottom.
|The San José was a 60-gun galleon of the Spanish Navy. It was launched in 1696 and sunk off the coast of Cartagena, Colombia in 1708. San José was part of a Treasure fleet during the War of the Spanish Succession, under General José Fernández Santillán. On 8 June 1708, the fleet encountered a British squadron near Barú.|
All but 11 of the 600 people on board perished.
|The San José was located by Colombia’s Institute of Anthropology and History on Nov. 27, 2015 nearly 1,000 feet deep about 16 miles from Cartagena. It likely had 7 to 10 million Spanish pesos on board at the time of its sinking, similar to its surviving sister ship, the San Joaquín. The San José has long been called the "Holy Grail of Shipwrecks".|
This cannon was made in Seville in 1644 AD.
Colombian president Juan Manuel Santos announces the discovery of the San Jose
|The San Jose was carrying one of the largest treasures ever lost at sea. Estimates place the value of the cargo to at least $1bn.|
|A seafloor image of the shipwreck San Jose. The type and number of bronze cannons found at the site leaves no doubt that the ship is the San Jose.|