Uncovering the World's Most Valuable Underwater Treasures

11. Igara Wreck

The Igara: A Maritime Insurance Catastrophe Estimated Current Value: $25 million* Disappeared Year: 1973 Year Found: 2005 The Igara met its fate when it struck a rock in the South China Sea, resulting in the greatest single marine insurance loss in the history of maritime travel. At the time of its sinking, the ship was loaded with nearly 127,718 metric tons of Brazilian iron ore, valued at an astonishing $25 million. The wreck remained undiscovered for over three decades until it was found in 2005, prompting excursions for recovery and further exploration of the site.

The Igara Wreck: A Diver's Paradise The wreckage of the Igara has transformed into a popular recreational dive destination, attracting divers eager to explore its underwater remnants. Unlike many deeper wrecks, the Igara lies at a depth that makes it accessible for recreational diving. Divers have reported sightings of a diverse array of marine life at the site, including: Snappers Corals Sharks Numerous other species This vibrant ecosystem has made the Igara not only a site of historical significance but also a thriving habitat for marine biodiversity.