The apparent success of the leaseback arrangement might explain how Rush was able to attract what was OceanGate’s largest ever investment in 2020, at a time when the company was working on the expensive task of replacing the Titan’s first hull that had cracked during testing. The $18 million in equity funding allowed OceanGate to […]
Since 2000, at least 14 expedition crews have unsuccessfully tried to find the final resting place of the HMS Trooperbut the ill-fated World War II submarine has finally been located. According to researchers, the British vessel resides 830-feet-down at the bottom of the Icarian Sea, near the Greek island of Donoussa—and the wreckage indicates an […]
Another surprising omission was during Thursday’s testimony of Mark Negley, a Boeing engineer. Negley had carried out a preliminary design study for the Titan and assisted OceanGate with testing equipment and advice for nearly a decade. He testified to the challenges of building carbon-fiber structures. The panel did not ask Negley about an email he […]
Wreckage of the Titan’s innovative carbon fiber hull was found separated into three distinct layers, US National Transportation Safety Board engineer Donald Kramer has told a Coast Guard hearing into the fatal implosion of the OceanGate submersible in 2023. Although Kramer would not offer an opinion on what caused the hull to delaminate into separate […]
After they left, the Titan was rebuilt with a new hull that was never tested to industry norms nor certified by an independent third-party agency. Patrick Lahey, CEO of submersible maker Triton Submarines, said that certifying a novel hull was not only possible but essential for safety. “We were developing and certifying the deepest diving […]
