DIRS.INFO The most relevant business & tech news

Seconds after that brief communication, the Titan was “pinged” for the last time, according to the opening presentation of the two-week hearing. Days later, authorities found its wreckage on the floor of the North Atlantic Ocean, several hundred yards from the remains of the Titanic, according to the Marine Board of Investigation, which is the highest level of inquiry by the Coast Guard. Lochridge testified he was supposed to pilot the submersible and objected when Rush decided he wanted to pilot the vessel. Rush made multiple errors during the dive, Lochridge said, including ignoring issues with the current and keeping his distance from the wreck. “It just didn’t seem to me that it had been particularly well-thought-out or executed,” he said of the submersible.

Persons: –, ” Peter Girguis, “, OceanGate, Shahzada Dawood, Suleman Dawood, Hamish Harding, Paul, Henri Nargeolet, ” Chris Roman, it’s, ”, David Lochridge, ” Lochridge, Lochridge, Rush, “ That’s, ” OceanGate, ‘ Don’t, ’ ”, Alfred McLaren, McLaren, Nargeolet, ” Girguis, David Marquet, ’, “ I’m, Renata Rojas, debriefings, Rojas, ” Rojas, Andrea Doria, “ We’re, we’re, you’re, Rojas “, David Lochridge’s, Stockton, CNN Steven Ross, ” Ross, Ross, could’ve, Scott Griffith, Griffith, Patrick Lahey, Fred Hagen, ” Hagen, ” CNN’s Dakin Andone, Alaa Elassar, Cindy Von Quednow Organizations: CNN, Titan, US Coast Guard, Harvard University, Stockton Rush, Marine Board of Investigation, University of Rhode Island’s, School of Oceanography, Coast Guard, Authorities, OceanGate, Guard, National Transportation Safety, US Navy, ”, PlayStation, Rush, Triton, Harvard Locations: Washington, Newfoundland, Canada, Rush, OceanGate, Stockton, Bahamas

☆ Diving in the Titan ‘was never supposed to be safe,’ mission specialist says of the experimental submersible
▼ + stars: | 2024-09-20 | by ( Alaa Elassar | Graham Hurley | ) edition.cnn.com time to read: +6 min

CNN —Four days of hearings on the 2023 implosion of the Titan submersible which killed all five people on board concluded this week with more damning testimony recounting multiple safety incidents over the years. Lahey said he saw the Titan in March 2019 while in the Bahamas and was “not impressed,” and told OceanGate staff members how he felt about it. I saw evidence where they were crimping cables to hold on weights, it just looked amateurish in its execution,” he said. “Anyone that felt safe going to depths in the Titan was deluded or delusional, it was an experimental vessel, it was clear that it was dangerous,” said Hagen. David Lochridge, a former director of marine operations for OceanGate who expressed safety concerns about the ill-fated Titan submersible, said during his testimony earlier this week the Titan tragedy could have been prevented if US safety authorities had investigated his complaints.

Persons: Patrick Lahey, Lahey, “, ”, OceanGate, ” OceanGate, Rush, ” Fred Hagan, Corey Connor, ” Lahey, Fred Hagen, Hagen, Antonella Wilby, Wilby, that’s, ” Steven Ross, Ross, OceanGate . Rush, David Lochridge, ” Lochridge Organizations: CNN, Titan, Triton, Triton Submarines, Stockton Rush, imploding, Marine Technology Society, MTS, OSHA Locations: Bahamas, North Charleston , South Carolina

☆ A year after the Titan tragedy, a sub is planning to go back to the Titanic to make a point
▼ + stars: | 2024-06-18 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

With OceanGate closed for business, the market for Titanic sub tourism appeared to slam shut. One leading sub operator, eager to demonstrate that the Titan sub failed to live up to the industry standards that can make trips to the ocean floor relatively safe, is already planning its own journey to the wreckage of the Titanic, where Titan was headed before it collapsed. But in its pursuit of “increasing access to the deep ocean through innovation,” OceanGate frequently skirted regulations and pushed back against industry standards. 2) OceanGate’s sub designs were so experimental, no other commercial sub operation would ever replicate them. “The deep ocean is no place for compromise,” Triton said in its statement.

Persons: ”, Larry Connor, ” Connor, Stockton Rush, ” Rush, David Pogue, “, don’t, Don’t, OceanGate, Ray Dalio, James Cameron, —, ” Triton, Lukas Furtenbach, Philippe Brown, Brown, ” Brown Organizations: New, New York CNN, Titanic, Triton, Wall Street, WSJ, CNN, Stockton, “, Triton Submarines, American Bureau of Shipping, Furtenbach Locations: New York, Austria, Hudson

☆ Meet Billionaire Larry Connor Who Plans to Take Submersible to Titanic
▼ + stars: | 2024-06-08 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +1 min

Billionaire Larry Connor will travel to the Titanic shipwreck site in a two-person submersible. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAn Ohio billionaire who's flown to space and explored the Mariana Trench has set his sights on a new adventure: the Titanic shipwreck. Real estate investor Larry Connor, 74, will take the ocean voyage with Patrick Lahey, cofounder and CEO of Triton Submarines. This story is available exclusively to Business Insider subscribers.

Persons: Larry Connor, Connor, —, who's, Mariana Trench, Patrick Lahey Organizations: Service, Triton Submarines, Business Locations: Ohio

☆ Billionaire Plans Dive to the Titanic in a Newly Designed Submersible
▼ + stars: | 2024-05-28 | by ( Emily Schmall | Orlando Mayorquín | ) www.nytimes.com time to read: 1 min

A real estate billionaire in Ohio is planning an underwater voyage to the site of the Titanic shipwreck, where a submersible imploded on its approach to the sea floor a year ago, killing all five passengers on board. Shortly after the OceanGate disaster, Larry Connor, 74, a real estate investor and amateur adventurer, contacted the co-founder of Triton Submarines, Patrick Lahey, imploring him to build a submarine that could reach the depths of the Titanic safely and repeatedly, according to The Wall Street Journal. The two men aim to explore and conduct scientific research at the site, located off the coast of Newfoundland, 12,500 feet under the sea, in a two-person submersible that Triton is designing in the summer of 2026. “Ours is just not a trip to the Titanic,” Mr. Connor said in an interview on Tuesday. “It’s a research mission.”

Persons: Larry Connor, Patrick Lahey, Mr, Connor, “, ” Organizations: Triton Submarines, Titanic, Wall Street Locations: Ohio, Newfoundland

June 22 (Reuters) - Movie director and submersible maker James Cameron said on Thursday he wishes he had sounded the alarm earlier about the submersible Titan that imploded on an expedition to the Titanic wreckage, saying he had found the hull design risky. He is part of the small and close-knit submersible community, or Manned Underwater Vehicle (MUV) industry. I wish I'd spoken up, but I assumed somebody was smarter than me, you know, because I never experimented with that technology, but it just sounded bad on its face," Cameron told Reuters in a Zoom interview. The sub imploded," Cameron said. The five who died mark the first deep-sea fatalities for the industry, Cameron said.

Persons: James Cameron, Cameron, Oscar, OceanGate, We've, Rollo Ross, Daniel Trotta, Leslie Adler Organizations: Triton Submarines, Vehicle, Reuters, American Bureau of Shipping, U.S . Coast Guard, Navy, Wall Street, Thomson Locations: U.S

[1/2] The Titan submersible, operated by OceanGate Expeditions to explore the wreckage of the sunken SS Titanic off the coast of Newfoundland, dives in an undated photograph. Moreover, they say the tragedy of the Titan submersible that imploded during its expedition to the wreckage of the Titanic was an outlier, given that the maker of the vessel opted against certifying the vessel, defying industry convention. Industry experts say they were the first known fatalities in more than 60 years of civilian deep-sea submergence. While acknowledging the loss of life aboard the Titan, Ketter said "the facts are the facts" when it came to the experimental path OceanGate chose to take. "It's not that the regulations would be irrelevant, but they probably wouldn't be the biggest forcing function on the industry," Manley said.

Persons: James Cameron, Oscar, Cameron, OceanGate, Will Kohnen, Kohnen, Rush, John Mauger, Ofer Ketter, Ketter, Justin Manley, Manley, Brad Brooks, Daniel Trotta, Stephen Coates Organizations: OceanGate Expeditions, REUTERS, Titan, OceanGate Inc, Everett, Triton, Vehicle, American Bureau of Shipping, Marine Technology, Stockton Rush, . Coast Guard, Marine Technology Society, Thomson Locations: Newfoundland, Everett , Washington, Costa Rica

[1/2] The Titan submersible, operated by OceanGate Expeditions to explore the wreckage of the sunken SS Titanic off the coast of Newfoundland, dives in an undated photograph. Industry experts say they were the first known fatalities in more than 60 years of civilian deep-sea submergence. But even as industry leaders braced for increased scrutiny, they said it was difficult to forecast what sort of changes may come. While acknowledging the loss of life aboard the Titan, Ketter said "the facts are the facts" when it came to the experimental path OceanGate chose to take. "It's not that the regulations would be irrelevant, but they probably wouldn't be the biggest forcing function on the industry," Manley said.

But Titan, the lost submersible from the company OceanGate, is a technological maverick based on novel concepts that differ from standard designs. “I’ve had three people ask me about making a dive on it,” he said in reference to the lost submersible. Private vessels — those used on superyachts, exploratory craft, tourists jaunts — are not formally regulated by any governmental or intergovernmental agency. Nor do they meet the rigorous standards that are applied to deep-sea craft used by the United States Navy and other government agencies. “We are proud that every submersible delivered remains in active service and certified to its original design depth,” it says on the company’s website.

Persons: ”, Bruce H, Robison, Alfred S, McLaren, Navy submariner, “ I’ve, ‘, OceanGate, submersibles, jaunts, Jennifer, Dr Organizations: Aquarium Research, Explorers Club of New, United States Navy, Lloyd’s, American Bureau of Shipping, ” Triton, Triton Locations: Monterey, California, Navy, Explorers Club of New York City, British, Everett, Wash, Houston, American

☆ The Titanic is slowly but surely disappearing — here's what the wreck looks like now
▼ + stars: | 2023-06-20 | by ( Aylin Woodward | Azmi Haroun | ) www.businessinsider.com time to read: +2 min

The Titanic sank on April 15, 1912, after it hit an iceberg during its maiden voyage from England to New York. Since then, dozens of manned and unmanned submersibles have visited and photographed the Titanic's disintegrating body on the sea floor — and some have gone missing en route. The ship had been on its maiden voyage to New York City, but hit an iceberg about 400 miles from Newfoundland. Since then, dozens of manned and unmanned submersibles have visited the Titanic's underwater remains. In fact, scientists think the entire shipwreck could vanish by 2030 due to bacteria that's eating away at the metal.

Persons: — Organizations: Service, US Navy, Triton Submarines Locations: England, New York, New York City, Newfoundland .

☆ The M&A market just went out with a bang after a terrible year, and it could be a sign of good times to come
▼ + stars: | 2022-12-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

(Hint: it's not on Wall Street.) Meanwhile, the largest deal of the year — Microsoft's $68.7 billion bid for Activision — might not even happen, thanks to regulators. But credit unions and community banks aren't happy with the new terms, The Wall Street Journal reports. Big tech nabs from Wall Street. Company culture on Wall Street: not great!

Search resuls for: "Triton Submarines"

11 mentions found