Known lately as the Korimu, the 260-foot cargo ship became another artificial reef off the coast of Palm Beach County on March 16, 2007, after the county's Department of Environmental Resources Management sank it nearly three miles northeast of the Lake Worth Inlet in 220 feet of water. Originally named Celtic Crusader, the freighter was built in the Netherlands in 1970. In the 1980s it was owned by Miami-based Bernuth Shipping Lines and used to move goods between the Caribbean and Central America. The West Palm Beach Fishing Club donated $10,000 toward the all-inclusive price of $75,000. The fishing club named the future reef the "John Ribovich Endowment Reef," after a prominent boat builder who presided over the club for more than 20 years.

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