Pirate Captain Morgan........

Captain Morgan's Pirate Ship Found

THE GIST

- The hull of a 17th-Century ship has been found near Panama.

- Archaeologists say it's one of five ships that belonged to the pirate, Captain Henry Morgan.

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.

World's Oldest Heidsieck Champagne Found in Shipwreck

The cargo has yet to be opened, but Captain Morgan -- which sells the

spiced rum named after the the pirate -- is hoping there's liquor in there.

"There's definitely an irony in the situation," Fritz Hanselmann an archaeologist
 with the River Systems Institute and the Center for Archaeological Studies at 
Texas State University and head of the dive team told KVUE Austin. The Captain
 Morgan rum group stepped in on the quest for Captain Morgan after team -- 
which found a collection of iron cannons nearby -- ran out of funds before
 they could narrow down the quest.

The new funding allowed the team to do a magnetometer survey, which looks
 for metal by finding any deviation in the earth's magnetic field.

"When the opportunity arose for us to help make this discovery mission possible,
 it was a natural fit for us to get involved. The artifacts uncovered during this 
mission will help bring Henry Morgan and his adventures to life in a way 
never thought possible," said Tom Herbst, brand director of Captain Morgan 
USA, in a statement.

In the 17th century, Captain Henry Morgan sailed as a privateer on behalf 
of England, defending the Crown's interests and pioneering expeditions 
to the New World. In 1671, in an effort to capture Panama City and loosen
 the stronghold of Spain in the Caribbean, Morgan set out to take the 
Castillo de San Lorenzo, a Spanish fort on the cliff overlooking the 
entrance to the Chagres River, the only water passageway between
 the Caribbean and the capital city.

"To us, the ship is the treasure -- the story is the treasure," the dive leader,

 Kurt 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.