San Jose galleon, lost for 300 years off Colombia, discovered with £16bn treasure trove.
Colombian researchers have identified the legendary San Jose galleon, a Spanish ship that sank in 1708, carrying treasure worth an estimated £16 billion. New underwater images confirm the wreck, located off Baru Island near Cartagena. This "holy grail of shipwrecks" sank during a naval battle, taking gold, silver, and emeralds to a watery grave. Now, a fierce legal battle looms over ownership, with various parties, including Colombia and Spain, staking claims. The wreck's discovery promises a maritime jackpot but reignites historical grudges.