OceanGate Acquires Deep-Sea Submersible

press release
Wednesday, January 16, 2013

Global Submersible Solutions Provider Acquires Additional Deep-Sea Submersible; Acquisition to Meet Growing Market Demands in Commercial and Research Sectors.


OceanGate Inc., a global provider of deep-sea manned submersible solutions, announced today the acquisition of the three-person, diesel-electric submersible Lula from Portugal's Rebikoff-Niggeler Foundation. The submarine, which can operate at a depth of 500 meters (1,640 feet), was purchased to meet the increased demand for manned submersibles in commercial applications focused on biological and environmental surveys, monitoring, and inspection.


Having conducted hundreds of dives during her 10-year operating history, Lula will expand OceanGate's ability to meet growing industry client demands, helping fulfill contracts for the University of Washington on behalf of the Defense Advanced Research Projects Agency (DARPA) and Office of Naval Research.  Lula will also supplement OceanGate's Antipodes submersible in performing survey, inspection, and monitoring work in the Gulf of Mexico.


"OceanGate's acquisition of Lula reflects the increased demand for submersibles in specific commercial applications," notes William Kohnen, president/CEO of Hydrospace Group and a leading analyst in the underwater research industry. "As more organizations continue to re-evaluate the use of manned submersibles and their value as part of the overall portfolio of sub-sea operations, we will continue to see the market grow. As an industry, these forward looking market development roles continue to be lead by privately funded organizations like OceanGate as they deploy more technology and applications related to submersible solutions." 


The submersible is equipped with a five-function manipulator and accompanying sampling box, which together allow for in-situ sampling of marine objects, core sampling for geologic research, and collection of diverse data sets. As a direct observation platform, Lula offers excellent visibility and outstanding opportunity for clients doing monitoring and inspection work. Her 1.5-meter diameter hemispherical viewing dome delivers a wide field of view. In addition, Lula is outfitted with state-of-the-art illumination systems, video and photo equipment, and pre-installed oceanographic data sensors.


"Lula's power system provides long range capabilities which help extend our expeditions, and her depth rating of 500 meters will be valuable in a multitude of commercial applications," states Stockton Rush, co-founder and CEO of OceanGate.  "She fits well into our commitment to cost-effective, manned submersible alternatives for commercial clients, and will help us to rapidly expand our exploration activities around the globe."


Lula's diesel-electric power system permits direct sailing to dive sites, thereby requiring minimum surface support, and enables efficient international mobility, furthering OceanGate's global reach. Her ease of mobility translates to significant cost savings, as large crews and surface support vessels are not required.

Maritime Reporter September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Life Ring Found from Cargo Ship Missing off Bahamas

A life ring has been found from the cargo ship El Faro, which went missing on Thursday after sailing through Hurricane Joaquin in the Bahamas, the U.S. Coast Guard said on Twitter on Saturday.

USCG Urge Caution Ahead of Hurricane Joaquin

The Coast Guard urges the public Thursday to use extreme caution and to prepare for the onset of heavy weather, extreme sea conditions, storm surge and high

Cargo Ship Missing in Hurricane Joaquin

The fate of more than 30 crew aboard a cargo ship that ran afoul of Hurricane Joaquin off the Bahamas was unknown on Friday as the powerful storm battered the island chain for a second day.

Marine Equipment

Vehicle Aboard Charleviox Ferry Catches Fire

The crew of U.S. Coast Guard Station Charlevoix and Boyne City, Michigan, Fire Department responded to a fire aboard a Charlevoix ferry Friday afternoon on Lake Charlevoix.

MN 100: FloScan Instruments, Inc.

The Company: FloScan is a Seattle-based corporation that designs and manufactures its products in the United States. With worldwide sales at an all-time high,

Marine Sanitary Devices: Size Matters

When it comes to marine sewage, it pays to measure. It turns out that the physical size of the equipment itself is not your only worry. Marine Sanitation Devices:

Marine Science

Willard to Build 3 Survey Ships for NOAA

NOAA awards shipbuilding contract to Willard Marine for the construction of three aluminum survey vessels   Willard Marine informs it was awarded a contract to

Transas Support for Philippines MET

The rapid growth and development of the Philippine maritime training market caused a dramatic increase in demand for state-of-the-art simulation systems compliant

G6 Announces Asia-North America Winter Program

Members of the G6 Alliance today announced the Winter Program for Asia – North America services in response to traditional seasonal changes in market demand.


Willard to Build 3 Survey Ships for NOAA

NOAA awards shipbuilding contract to Willard Marine for the construction of three aluminum survey vessels   Willard Marine informs it was awarded a contract to

Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.5151 sec (2 req/sec)