This is new to me but after seeing this vid, it makes sense that a damaged Olympia would have been switched to cash out as the titanic since the Olympia was rendered a devalued ship from several accidental instances that befell the ship and lessened its sea worthiness.
This strikes me as an event much like 911 and larry silverstein cashing out the towers.
[youtube]http://www.youtube.com/watch?v=Vkaxu3qtShU[/youtube]