Captain Morgan's Pirate Ship Discovered

Back in March we reported on the discovery of Captain Morgan's lost cannon in Panama's waters.

Now archeologists one of Captain Morgan's five ships has been discovered in the same waters.

The lost wreckage of a ship belonging to 17th century pirate Captain Henry Morgan has been discovered in Panama, said a team of U.S. archaeologists -- and the maker of Captain Morgan rum.

Near the Lajas Reef, where Morgan lost five ships in 1671 including his flagship "Satisfaction," the team uncovered a portion of the starboard side of a wooden ship's hull and a series of unopened cargo boxes and chests encrusted in coral.

The cargo has yet to be opened, but Captain Morgan USA -- which sells the spiced rum named for the eponymous pirate -- is clearly hoping there's liquor in there.

...

The underwater research team included archaeologists and divers from Texas State University, volunteers from the National Park Service's Submerged Resources Center and NOAA/UNC-Wilmington's Aquarius Reef Base. And pirate booty or no, they said the story of Captain Henry Morgan was the real treasure.

"To us, the ship is the treasure -- the story is the treasure," Hanselman told MSNBC's Alan Boyle. "And you don't have a much better story than Captain Henry Morgan's sack of Panama City and the loss of his five ships."

Artifacts excavated by the dive team in 2010, including the six cannons, as well as any future relics will remain the property of the Panamanian government and will be preserved and displayed by the Patronato Panama Viejo.