Latest news with #TritonSubmarines
The Hill
an hour ago
- Business
- The Hill
Another billionaire visiting Titanic wreck in wake of OceanGate disaster
Just two years after the Titan submersible disaster, another billionaire is making a journey to the Titanic wreck. Details of the upcoming expedition are not known, including when it will take place or who the mystery billionaire is that will be taking the journey, but the company in charge of the deep-sea dive says it's a recognizable name who wants to make the announcement that they are the first person to go since the tragedy. Patrick Leahy, the CEO of Triton Submarines, said his company is in the process of building a new, commercially available submersible capable of withstanding the journey to view the wreckage, which is 12,000 feet below the surface of the Atlantic Ocean. In 2023, a submersible from Washington state-based company OceanGate embarked on a journey to view the Titanic. Officials spent four days looking for the submersible until evidence of an implosion was found. OceanGate co-founder Stockton Rush was among the five people who died. The other victims were Paul-Henri Nargeolet, Hamish Harding, Shahzada Dawood and his son, Suleman Dawood. A report from the U.S. Coast Guard released earlier this month found that the disaster was 'preventable,' and that some of the company's safety procedures were 'critically flawed.'
NDTV
2 hours ago
- NDTV
Another Billionaire Planning To Visit Titanic Wreck Two Years After Oceangate Disaster: Report
Two years after the Oceangate disaster killed five people, a billionaire is planning to visit the Titanic wreck, which is located 12,500 feet below the North Atlantic Ocean, the New York Post reported. The trip is expected to cost around $10 million. Ever since the Oceangate tragedy happened, no one has visited the shipwreck of the Titanic, a British passenger liner that sank in the North Atlantic Ocean in 1912 after hitting an iceberg during its maiden voyage. However, the ship continues to charm marine explorers who want to see the wreck 12,500 feet below the surface of the ocean. "Besides it being a wreck of historical significance, the fact that it lies at such great depth makes it fascinating to visit," Patrick Lahey, CEO of Triton Submarines, told The Post. "Titanic is a wreck that's covered in marine life and soft coral. People want to go there for the same reason that they want to climb Mount Everest." However, the Oceangate tragedy has raised concerns over deep-sea tourism and safety. As per the report, Triton Submarines is working on a $20 million submersible designed to safely reach the Titanic wreck. Lahey said that the sub will undergo full safety certification, unlike the Titan submersible that imploded in 2023. As per Triton's plans, the sub is estimated to be finished by next year. "I'm very excited to be building this and to change the narrative." Who Is Going To Visit The Titanic Wreck? The billionaire's name has not been revealed, but a source told the media outlet that it's a recognisable name. The person wants to be the first to visit the Titanic wreck since the Oceangate disaster. The report mentioned that a few billionaires reportedly have their own submersibles, including Ray Dalio, a Wall Street magnate and Russian oligarch Roman Abramovich. "I heard that somebody is going down to the Titanic in a couple of weeks," a source told The Post. "What I can tell you is that it's a billionaire. Going down there will cost $10 million. You would recognise his name. He'll want to make an announcement that he is the first person to go to the Titanic since the tragedy."
Hindustan Times
6 hours ago
- Entertainment
- Hindustan Times
Another billionaire to visit Titanic wreck 2 years after Oceangate tragedy: ‘You'll recognise the name'
The lore of the Titanic has fascinated millions of people for decades. Its lure has drawn explorers to the depths of the ocean as they seek to unravel the mysteries of the legendary 1912 shipwreck. Its story has been immortalized on the big screen in one of the memorable movies of our times. The wreck of the Titanic lies 12,500 feet below the North Atlantic Ocean (Facebook/@tritonsubs) The endless fascination with the Titanic is such that two years after the Oceangate tragedy, one billionaire is planning an expedition to the wreck that lies 12,500 feet below the surface of the North Atlantic Ocean. What was the Oceangate tragedy? The Oceangate tragedy unfolded in June 2023 when the company's Titan submersible imploded during a dive to the Titanic wreck, claiming five lives. The victims included Oceangate CEO Stockton Rush, British businessman Hamish Harding, Pakistani businessman Shahzada Dawood and his son Suleman, and French explorer Paul-Henri Nargeolet. The disaster sparked global scrutiny over deep-sea tourism and the safety standards of privately run expeditions. Another expedition to Titanic? Since the Oceangate tragedy, the wreck of the Titanic has remained off limits to explorers and deep sea divers. That has done little to diminish its appeal. Now, speculation is rife that another private expedition to the Titanic wreck is in the works. Details, however, have been kept under wraps, according to a report in the New York Post. The expedition will include a billionaire whose name has not been revealed, but is apparently recognisable. 'I heard that somebody is going down to the Titanic in a couple weeks,' a source told The Post. 'What I can tell you is that it's a billionaire. Going down there will cost $10 million. You would recognize his name.' The source refused to divulge the billionaire's name, saying: 'He'll want to make an announcement that he is the first person to go to the Titanic since the tragedy.' The Titanic fascination What is it about a shipwreck that has fascinated millions for more than a century? 'Besides it being a wreck of historical significance, the fact that it lies at such great depth makes it fascinating to visit,' Patrick Lahey, CEO of Triton Submarines, told The Post. 'Titanic is a wreck that's covered in marine life and soft coral. People want to go there for the same reason that they want to climb Mount Everest.'
The Irish Sun
a day ago
- Entertainment
- The Irish Sun
Billionaire's secret Titanic mission ‘is IMMINENT' 2yrs on from Titan disaster as builder of new ‘Triton' sub speaks out
Rumours are flying around ocean exploration circles that a fresh trip is imminent INTO THE DEPTHS Billionaire's secret Titanic mission 'is IMMINENT' 2yrs on from Titan disaster as builder of new 'Triton' sub speaks out ANOTHER billionaire is rumoured to be plotting a secretive underwater mission to wreck of the Titanic two years on from the Titan disaster. The world watched in horror back in 2023 as a frantic rescue mission uncovered the tragic end of the Titan vessel and its five passengers. 7 The world watched in horror back in 2023 as a frantic rescue mission uncovered the tragic end of the Titan vessel Credit: AFP 7 Larry Connor and Triton Submarines co-founder Patrick Lahey are reported to be considering a trip Credit: Triton Submarines Advertisement 7 Triton Submarines are reportedly building a new submersible that could handle the 12,500ft depths Credit: Triton Submarines 7 Voyaging to the bottom of the ocean is fraught with potential hazards, as the devastating incident laid bare. OceanGate CEO Stockton Rush was among the five who died when the submersible imploded near the wreck of the Titanic. Advertisement A recent damning report set out the catalogue of fatal failures that led to the disaster. But despite the risks, another wealthy enthusiast is expected to attempt the deep sea voyage in the near future. While rumours are flying around ocean exploration circles that a fresh trip is imminent, the details are tightly under wraps. One knowledgeable source told The New York Post: "I heard that somebody is going down to the Titanic in a couple weeks. Advertisement "What I can tell you is that it's a billionaire. "Going down there will cost $10 million. You would recognise his name." The source added that they don't want to ruin the surprise the billionaire is believed to have in mind. "He'll want to make an announcement that he is the first person to go to the Titanic since the tragedy," they said. Moment infamous Titan sub is plunged into darkness at the bottom of the ocean floor in terrifying test dive before it imploded near Titanic shipwreck While the identity of the mystery explorer remains unknown, there has been no shortage of interest in such a voyage among billionaires. Advertisement Trips to the bottom of the ocean cost vast sums of money, meaning it is only realistically open to those with the deepest pockets. The late Microsoft co-founder Paul Allen, Wall Street magnate Ray Dalio, and Russian oligarch Roman Abramovich are among those believed to have owned submersibles, according to The New York Post. But the BBC reported in May last year that businessman Larry Connor and Triton Submarines co-founder Patrick Lahey were plotting a journey. Lahey is reportedly building a new submersible that could handle the 12,500ft depths. He told The New York Post: "Besides it being a wreck of historical significance, the fact that it lies at such great depth makes it fascinating to visit. Advertisement "Titanic is a wreck that's covered in marine life and soft coral. "People want to go there for the same reason that they want to climb Mount Everest." An investigation into the Titan disaster released by the US Coast Guard found the tragedy was "preventable" and driven by "critically flawed" practices. The report stated: "For several years preceding the incident, OceanGate leveraged intimidation tactics, allowances for scientific operations, and the company's favourable reputation to evade regulatory scrutiny. "By strategically creating and exploiting regulatory confusion… OceanGate was ultimately able to operate Titan completely outside of the established deep-sea protocols." Advertisement The submersible, which was owned and operated by OceanGate Expeditions, imploded on June 18, 2023 while en route to the Titanic site. All five people on board were killed instantly under the extreme pressure. Investigators added that, had Stockton Rush survived, they would have recommended the Department of Justice consider a criminal probe. How the Titan tragedy unfolded By Katie Davis, Chief Foreign Reporter (Digital) FIVE men plunged beneath the surface of the North Atlantic in a homemade sub in a bid to explore the Titanic wreckage. Four passengers paid £195,000 each to go on the sub, with the fifth member of the trip being a crew member. But what was supposed to be a short trip spiralled into days of agony as the doomed Titan vanished without a trace on June 18, 2023. The daring mission had been months in the making - and almost didn't happen at the hands of harsh weather conditions in Newfoundland, Canada. In a now chilling Facebook post, passenger Hamish Harding wrote: "Due to the worst winter in Newfoundland in 40 years, this mission is likely to be the first and only manned mission to the Titanic in 2023. "A weather window has just opened up and we are going to attempt a dive tomorrow." It would be his final Facebook post. The following morning, he and four others - led by Stockton Rush - began the 12,5000ft descent towards the bottom of the Atlantic. But as it made its way down into the depths, the vessel lost all contact with its mother ship on the surface, the Polar Prince. It sparked a frantic four-day search for signs of life, with the hunt gripping the entire world. There was hope that by some miracle, the crew was alive and desperately waiting to be saved. But that sparked fears rescue teams faced a race against time as the passengers only had a 96-hour oxygen supply when they set out, which would be quickly dwindling. Then, when audio of banging sounds was detected under the water, it inspired hope that the victims were trapped and signalling to be rescued. It heartbreakingly turned out that the banging noises were likely either ocean noises or from other search ships, the US Navy determined. Countries around the world deployed their resources to aid the search, and within days the Odysseus remote-operated vehicle (ROV) was sent down to where the ghostly wreck of the Titanic sits. The plan was for the ROV to hook onto the sub and bring it up 10,000ft, where it would meet another ROV before heading to the surface. But any hopes of a phenomenal rescue were dashed when Odysseus came across a piece of debris from the sub around 1,600ft from the Titanic. The rescue mission tragically turned into a salvage task, and the heartbroken families of those on board were told the devastating news. It was confirmed by the US Coast Guard that the sub had suffered a "catastrophic implosion". 7 Stockton Rush, CEO of OceanGate, who died in the implosion 7 Ray Dalio, Founder of Bridgewater Associates, is among those rumoured to have owned a submerisble Credit: Reuters Advertisement
Scottish Sun
a day ago
- Business
- Scottish Sun
Billionaire's secret Titanic mission ‘is IMMINENT' 2yrs on from Titan disaster as builder of new ‘Triton' sub speaks out
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) ANOTHER billionaire is rumoured to be plotting a secretive underwater mission to wreck of the Titanic two years on from the Titan disaster. The world watched in horror back in 2023 as a frantic rescue mission uncovered the tragic end of the Titan vessel and its five passengers. 7 The world watched in horror back in 2023 as a frantic rescue mission uncovered the tragic end of the Titan vessel Credit: AFP 7 Larry Connor and Triton Submarines co-founder Patrick Lahey are reported to be considering a trip Credit: Triton Submarines 7 Triton Submarines are reportedly building a new submersible that could handle the 12,500ft depths Credit: Triton Submarines 7 Voyaging to the bottom of the ocean is fraught with potential hazards, as the devastating incident laid bare. OceanGate CEO Stockton Rush was among the five who died when the submersible imploded near the wreck of the Titanic. A recent damning report set out the catalogue of fatal failures that led to the disaster. But despite the risks, another wealthy enthusiast is expected to attempt the deep sea voyage in the near future. While rumours are flying around ocean exploration circles that a fresh trip is imminent, the details are tightly under wraps. One knowledgeable source told The New York Post: "I heard that somebody is going down to the Titanic in a couple weeks. "What I can tell you is that it's a billionaire. "Going down there will cost $10 million. You would recognise his name." The source added that they don't want to ruin the surprise the billionaire is believed to have in mind. "He'll want to make an announcement that he is the first person to go to the Titanic since the tragedy," they said. Moment infamous Titan sub is plunged into darkness at the bottom of the ocean floor in terrifying test dive before it imploded near Titanic shipwreck While the identity of the mystery explorer remains unknown, there has been no shortage of interest in such a voyage among billionaires. Trips to the bottom of the ocean cost vast sums of money, meaning it is only realistically open to those with the deepest pockets. The late Microsoft co-founder Paul Allen, Wall Street magnate Ray Dalio, and Russian oligarch Roman Abramovich are among those believed to have owned submersibles, according to The New York Post. But the BBC reported in May last year that businessman Larry Connor and Triton Submarines co-founder Patrick Lahey were plotting a journey. Lahey is reportedly building a new submersible that could handle the 12,500ft depths. He told The New York Post: "Besides it being a wreck of historical significance, the fact that it lies at such great depth makes it fascinating to visit. "Titanic is a wreck that's covered in marine life and soft coral. "People want to go there for the same reason that they want to climb Mount Everest." An investigation into the Titan disaster released by the US Coast Guard found the tragedy was "preventable" and driven by "critically flawed" practices. The report stated: "For several years preceding the incident, OceanGate leveraged intimidation tactics, allowances for scientific operations, and the company's favourable reputation to evade regulatory scrutiny. "By strategically creating and exploiting regulatory confusion… OceanGate was ultimately able to operate Titan completely outside of the established deep-sea protocols." The submersible, which was owned and operated by OceanGate Expeditions, imploded on June 18, 2023 while en route to the Titanic site. All five people on board were killed instantly under the extreme pressure. Investigators added that, had Stockton Rush survived, they would have recommended the Department of Justice consider a criminal probe. How the Titan tragedy unfolded By Katie Davis, Chief Foreign Reporter (Digital) FIVE men plunged beneath the surface of the North Atlantic in a homemade sub in a bid to explore the Titanic wreckage. Four passengers paid £195,000 each to go on the sub, with the fifth member of the trip being a crew member. But what was supposed to be a short trip spiralled into days of agony as the doomed Titan vanished without a trace on June 18, 2023. The daring mission had been months in the making - and almost didn't happen at the hands of harsh weather conditions in Newfoundland, Canada. In a now chilling Facebook post, passenger Hamish Harding wrote: "Due to the worst winter in Newfoundland in 40 years, this mission is likely to be the first and only manned mission to the Titanic in 2023. "A weather window has just opened up and we are going to attempt a dive tomorrow." It would be his final Facebook post. The following morning, he and four others - led by Stockton Rush - began the 12,5000ft descent towards the bottom of the Atlantic. But as it made its way down into the depths, the vessel lost all contact with its mother ship on the surface, the Polar Prince. It sparked a frantic four-day search for signs of life, with the hunt gripping the entire world. There was hope that by some miracle, the crew was alive and desperately waiting to be saved. But that sparked fears rescue teams faced a race against time as the passengers only had a 96-hour oxygen supply when they set out, which would be quickly dwindling. Then, when audio of banging sounds was detected under the water, it inspired hope that the victims were trapped and signalling to be rescued. It heartbreakingly turned out that the banging noises were likely either ocean noises or from other search ships, the US Navy determined. Countries around the world deployed their resources to aid the search, and within days the Odysseus remote-operated vehicle (ROV) was sent down to where the ghostly wreck of the Titanic sits. The plan was for the ROV to hook onto the sub and bring it up 10,000ft, where it would meet another ROV before heading to the surface. But any hopes of a phenomenal rescue were dashed when Odysseus came across a piece of debris from the sub around 1,600ft from the Titanic. The rescue mission tragically turned into a salvage task, and the heartbroken families of those on board were told the devastating news. It was confirmed by the US Coast Guard that the sub had suffered a "catastrophic implosion". 7 Stockton Rush, CEO of OceanGate, who died in the implosion 7 Ray Dalio, Founder of Bridgewater Associates, is among those rumoured to have owned a submerisble Credit: Reuters
