Thanks for posting this!
My thought exactly!
Very cool. 
Are there any plans to recover the ship? It looks almost intact.
I saw this on the evening news. Fascinating video, and everything is so well preserved. I hope that they can recover some artifacts.
I would highly doubt it for a number of reasons: it looks fragile to me, the logistics of getting ships and equipment there isn’t easy, but most of all the ships belong to Canada but also to the Inuit people.
Still though, this is the kind of thing you could create a national museum around. And leaving it in place just means that sooner or later someone will find a way to rob it and gray-market the stuff.
I’m curious: by what legal principle do the Inuit people share ownership?
No doubt it could make an impressive display. But in view of the remote location and difficult weather, the salvage cost would be eye-watering.
Here’s CNN on the latest dive down to HMS Terror: Frozen shipwreck reveals new details of John Franklin's tragic 1845 Arctic voyage | CNN
Since this has been bumped, I may as well take the opportunity to recommend Michael Palin’s recent book Erebus. It mainly concentrates on the Ross expedition to the Antarctic, but the last few chapters go through the Franklin expedition and rediscovery.
The best book on the Franklin expedition IMO is Frozen in Time, which first got me interested in the whole story many years ago. It was originally written before either of the ships were found (but after some of the bodies were found and exhumed) but has been updated since. I’m fascinated by the possibility that actual preserved documents within the ships may shed authoritative light on many yet-known aspects of what happened, although we do know in broad terms about the severe cold and severe icing conditions and the lead poisoning from defective canned goods. Franklin just happened to pick a time to navigate the Northwest Passage during which the Arctic was experiencing some of the coldest temperatures in recorded history.
Well, I did describe Frozen In Time as a “classic” way back in 2014 in this very thread.
I last reread it ahead of seeing the big National Maritime Museum exhibition in Greenwich a couple of years ago, which I believe had previously run in Canada. The NMM inherited all the stuff recovered in the 19th century searches, so the gobsmackingly good assembly of stuff.
Most amusing incident was a child wandering into the room devoted to the exhumations from Beechey Island. Obviously oblivious to all the warning signs. As one familiar with Frozen In Time, I knew what was on display, so I just stood back and watched the boy’s reaction. Who was obviously transfixed. So pretty sad when his mother swept in and dragged him out on the grounds that “You’re not meant to see this”. True enough - and I personally find the photos in question somewhat disturbing - I was still somewhat disappointed. His interested reaction was probably more honest than his mother’s.
The book “Lost Explorers” carries a chapter on the Franklin expedition. It also states two letters from a member of the expedition were found.
I’m not sure it’s especially helpful to respond to a question with a bare link to a long-ish article that doesn’t really offer an answer - though I will grant that the article is interesting.
It does say:
That international law clearly recognizes Britain’s ownership of the wrecks.
That an agreement has been worked out by which ownership is transferred to Canada.
That the government of Nunavut asserted a claim of ownership, but this was nullified by Canada declaring the area a National Historic Site.
But there’s also this:
That’s the basis for the Inuit to be involved - the wrecks be owned by both the federal government and the Heritage Trust.