The small steamship Løveid was laid down in 1870 and had through the years many different tasks. In 1892 the hull was extended with ten feet and later put into local transport in the Grenland area. In 1939 the vessel was bought by Olaf and Frank Beier, but the loss of her the year after gave the Beiers a great economic loss. Carrying a cargo consisting of 28 cases of porcelain from the factory Porsgrunn Porselen, which for many years after this incident was a motivator for divers who tried to find this vessel. The wreck rest today on a depth of approximately forty meters right outside the pier in Porsgrunn city. The wreck of Løveid is in a poor condition and only small remains can be seen today... Løveid found her grave in the water of the Frierfjord outside Porsgrunn 8. August 1940. The wreck is also located in the harbor area, and diving here is not allowed.