armada

Since then they have argued that Glocca Mora, now known as Sea Search Armada, has no right to the ship or its treasure.

As part of its court case at the Hague, Sea Search Armada commissioned a study of the cargo.

“This treasure that sank with the ship included seven million pesos, 116 steel chests full of emeralds, 30 million gold coins,” says Rahim Moloo, the lawyer representing Sea Search Armada.

Within a decade after the end of World War II, Washington had 500 overseas military bases ringing Eurasia, a chain of mutual defense pacts and a globe-girding armada of nuclear-armed warships and strategic bombers.

And US-based salvage company Sea Search Armada has taken Colombia to the UN's Permanent Court of Arbitration, seeking £7.8bn, over claims it first discovered the vessel more than 40 years ago.