Yep, they will be stripped of anything valuable by the locals. Centuries old maritime tradition for locals to take full advantage of shipwrecks. Carcasses will be left where they sit. In more affluent areas someone might hire a crane barge to get rid of the eyesores.
I doubt the insurance companies will bother with many recoveries, and I doubt the local govt will try to force the issue, if they even can.
We shall see...
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