India, March 14 -- After 132 years, the wreck of a ship that sank in Lake Superior has been found. The historic all-steel ship that broke records when it sailed was found resting 600 feet deep off the coast of Michigan's Upper Peninsula by a crew from the Great Lakes Shipwreck Historical Society. The society, in a report, shared that the ship lost in 1892 claimed 27 lives when it sank, including its millionaire owner.

According to the society, it was the "first all-steel vessels on the Great Lakes". The ship was "built to break cargo shipping records and was deemed one of the safest ships afloat." It was owned by millionaire Captain Peter G. Minch, a highly respected shipping magnate.

The Minch family and Western Reserve crew boarded th...