The sail training ship, which was taking part in The Gathering Cruise around Ireland, capsized after hitting rocks inside the Sovereign Islands near Kinsale in Co Cork on the afternoon of Wednesday 24 July.
All 30 crew on board - including a number of teenage sail trainees - were brought to safety by RNLI lifeboats from Kinsale and Courtmacsherry in a major rescue operation.
As previously reported on Afloat.ie, investigations got under way last Thursday 25 July to determine what caused the 42-metre brig to run aground at the mouth of Oysterhaven harbour.
Despite strong winds and rough seas at the time of her foundering, the Astrid remains largely intact apart from rips along the hull.
And according to expert salvage diver Colm Harrington, the 95-year-old ship will be salvageable - using slings to lift the vessel from the water.
However, the severity of the damage sustained means that it's unlikely the Astrid will be restored to her former glory.
The Irish Times has much more on the story HERE.