 in a single incident. The company that owns the salvage rights to Titanic is undertaking its first expedition to the ship's record in 14 years. Those involved in the mission say they have heavy hearts and lofty goals for the trip after the disaster a couple of years back that happened at the Titanic site. Georgia-based RMS Titanic holds legal rights to salvage the ship that went down famously in 1912. They launched here from Rhode Island this past Friday.