Deep-pocketed clients still interested in personal submersibles

  • Luxury submarine industry faces crisis after OceanGate implosion
  • Deep-pocketed clients still interested in personal submersibles
  • Triton Submarines and U-Boat Worx differentiate their subs from OceanGate’s
  • Larry Connor plans to build a safe sub to dive to Titanic-level depths

The luxury submarine industry is facing a crisis after the implosion of the Titan, a submersible built by OceanGate, during a trip to the Titanic. The tragedy has caused many people to swear off submersibles altogether. However, some deep-pocketed clients are still interested in exploring the deep sea. Triton Submarines and U-Boat Worx, two leading makers of personal submersibles, are working to differentiate their subs from OceanGate’s. They emphasize that their subs are certified as safe and up to code, unlike the unclassed Titan. Despite the setback, Larry Connor, an Ohio real-estate investor, plans to build a safe sub that can dive to Titanic-level depths. The luxury submarine industry is determined to recover and continue serving its adventurous clientele.·

Factuality Level: 2
Factuality Justification: The article contains a mix of relevant and irrelevant information, including detailed background on personal submersibles and individuals involved in the industry. It lacks focus on the main topic of the OceanGate tragedy and its aftermath, leading to a lower factuality rating.·
Noise Level: 3
Noise Justification: The article provides a detailed account of the personal submersibles industry, focusing on the aftermath of a tragic incident involving the implosion of a submersible during a trip to the Titanic. It explores the implications of the incident on the industry, the safety concerns, and the responses from key players in the field. The article also delves into the personal stories of individuals involved in submersible exploration, offering insights into their motivations and experiences. While the article contains some repetitive information and tangents, overall, it presents a comprehensive analysis of the industry and its challenges.·
Public Companies: Triton Submarines (null), Microsoft (MSFT), Bridgewater (null)
Private Companies: OceanGate,U-Boat Worx
Key People: Patrick Lahey (Co-founder and CEO of Triton Submarines), Guillermo Söhnlein (Co-founder of OceanGate), Stockton Rush (CEO of OceanGate), Paul-Henri Nargeolet (Deep-sea explorer), Craig Barnett (Director of sales at Triton Submarines), Rob McCallum (Founder of Eyos), Erik Hasselman (Commercial director at U-Boat Worx), Larry Connor (Ohio real-estate investor), Ray Dalio (Founder of Bridgewater), Victor Vescovo (Submariner)

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Financial Relevance: No
Financial Markets Impacted: No
Financial Rating Justification: The article does not pertain to financial topics or events that impact financial markets or companies. It focuses on personal submersibles and the experiences of individuals in the industry.·
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: ·

Reported publicly: www.wsj.com