In 1985, remains of a 2400-year-old merchantman were discovered at a depth of 2-3 m, 75 m off the coast of Ma’agan Mikha'el, and excavated by a team of the Center for Maritime Studies of the Haifa University, headed by E. Linder and J. Rosloff. The preserved part of the hull is 13 m long and about 4 m wide. Its estimated displacement was 25 tons, and the ballast stones it carried weigh over 12 tons. The hull was built shell-first using pegged mortise and tenon joints. The lower part of the hull was found intact, with stem and sternposts in their original position, as were the longitudinal stringers, floors, frames, vertical stanchions, and a mast-step, all made of Aleppo pine. The keel, 8.25 m long and 16 cm high, is a single timber made of pine with a false keel attached to it, extending slightly at both ends, made of oak. A unique one-armed wooden anchor with a lead-filled wooden stock was found close to the ship's starboard. Some of its ropes were still attached to the crown and the lifting loop. Artifacts include: ceramic items, basket handle storage jars, cooking pots, mortaria, oil lamps, jugs and personal articles: juglets, black glazed miniature cups and carved wooden boxes. Among the organic materials were a woven basket and a great amount of rope. Y. Kahanov and P. Peled carried out the conservation and reassembling.