Found remains of a British boat

A U.S. company specializing in the recovery of shipwrecks said he found the remains of a British ship believed to be carrying a huge load of money when it was torpedoed during the First World War.

What remains of the SS Mantola is sunk about two thousand meters in the North Atlantic, off the coast of Ireland.

The papers suggest that silver is now worth aboard some 19 million dollars.

It is the second important finding in the area for the salvage company Odyssey Marine Exploration. Last month he found a wreck of the Second World War, which is believed to contain 200 tons of silver, worth more than one hundred million dollars.

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A luxury Boats builder has reduced its workforce by a quarter as it invests $300,000 in a new computerised cutting and milling machine.

Marchwood-based Discovery Yachts said it had laid off 20 staff who had come to the end of fixed-term contracts started earlier this year and let eight permanent staff go.

It insisted that the cuts were due to the “natural peaks and troughs of the boatbuilding cycle”.

The company, which builds about ten of its £800,000 to $ 3m blue-water cruising yachts each year, said that it was scaling down after delivering three new boats in September.
It has retained more than 70 staff and has four Discovery 55s in production and is about to start the first of its new design Discovery 57s, announced at the recent PSP Southampton Boat Show .

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