Titanic Expedition Possible In 2010

Stock quotes in this article: PRXI  

STEVE SZKOTAK

NORFOLK, Va. (AP) — The company that has exclusive rights to salvage the Titanic is planning a possible expedition to the world's most famous shipwreck in 2010.

The first expedition to the North Atlantic wreck site since 2004 is revealed in a filing by RMS Titanic Inc. in U.S. District Court, where four days of hearings are scheduled to begin Monday on the company's claim for a salvage award.

Lawyers for RMS Titanic Inc. confirmed the expedition plans but declined to discuss them in detail.

"That is something that is being looked at right now but it's not in any way a done deal," attorney Robert W. McFarland said in an interview. He said the company would have more to say at this week's hearing.

U.S. District Judge Rebecca Beach Smith, a maritime jurist who considers the wreck an "international treasure," will preside over the hearings. They are intended to determine a salvage award and establish legal guarantees that thousands of Titanic artifacts remain intact as a collection and forever accessible to the public. Some pieces have ended up in London auction houses.

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