While the technological changes have continued in the 21st century to retrieve sunken assets from the sea, the need to safeguard the environment has become as important as the recovery of the vessels themselves.
And that’s a good thing, given the proclivity vessels seem to have for capsizing and sinking. A prominent example at the moment is Golden Ray, a South Korea-built vehicle carrier that is being stabilized and disassembled after rolling onto its side in September near the Port of Brunswick, Ga., with an estimated 300,000 gallons of fuel onboard.
The salvage team expects to continue its efforts for several months under the watchful eyes of regulators and environmental groups. In other words, these are not quite the swashbuckling days of yesteryear when life and limb were regularly hazarded simply to refloat a vessel or at least retrieve its more valuable components. Now, a unified command, composed of federal, state, local and environmental officials, along with the responsible party and sometimes others, often oversees salvage operations.
In the case of Golden Ray, the heavy-lift vessel VB-10,000 — a twin-gantry catamaran 277 feet long and 314 feet wide, the largest such vessel ever built in the United States — also has been engaged for the project. Salvors hope the technology will reduce the number of potentially dangerous dives required in St. Simons Sound while also shortening the timeline to completion.
Asset value and the environment
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