However, there was another shipwreck that Gibbins, Milburn and the team had on their radar. They wanted to explore a site believed to be the last resting place of the President, an East India Company merchant ship that sank in February 1684. Apparently, she had left India laden with treasures, including pearls and diamonds, thought to be worth around $10 million today.
It seems the President’s voyage had barely begun when tragedy struck. While sailing off India’s Malabar Coast, she was attacked by half a dozen pirate ships and a violent battle ensued. Eventually, the East India Company vessel emerged victorious after her crew scored a direct hit on one of the attacking fleet’s powder kegs.