A report reveals that Steve Reoch, a yacht broker, has been attempting to sell an underwater vessel from OceanGate for the last five years. Reoch said he did not want anything whatsoever to do with it.
After years of dealing with phony and flaky purchasers, OceanGate CEO Stockton Rush’s death in the Titanic submarine disaster has Reoch worried that no one will want to buy a sub affiliated with OceanGate. The business is no longer active at this time.
Reoch has said that he is trying to distance himself from the vessel. Due to pending legal action, the submersible will remain unsold for a considerable amount of time. He said it had been a pointless endeavor for him for the last five years.
There was an asking price of $795,000 for the OceanGate Antipodes submarine. Originally constructed by Perry Submersibles in 1973, it changed hands many times before being acquired by Ocean Gate.
According to a report, OceanGate may have made unsafe design decisions and neglected necessary testing and certifications. The Titan tourist sub was towed behind its mothership to save money, all of which contributed to the experimental vessel’s disastrous collapse last month.
Engineers explained to media outlets that the poor design decisions on the shabby submarine were likely chosen to keep expenses down and make the vessel taking affluent visitors down to witness the Titanic’s ruins as lucrative as possible.
To save money, the team had to drag the Titan submarine across the ocean from Newfoundland to the wreckage site, a journey that took three days. The mothership they rented, the Polar Prince, was too little to accommodate the Titan on its deck.
The submarine was shaken around roughly, according to Arnie Weissmann, editor-in-chief of an online travel industry magazine, in his account of his May visit to the site. Titan’s descent to the ocean bottom was called off because of dense fog, winds, and high wave activity.