When I say mixed race, I mean there's ALWAYS a token black, asian, indian, and white. ALWAYS. It's always a perfectly mixed group of characters. They always pick one of everything.
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yeah, if they had a power failure and it's 34 degrees... they'd be frozen already. i still think the hull imploded but I hope they figure the noise out
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If that was true, the CEO would not be on board.
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The whole thing is so....facepalm. It's even more ridiculous because of the waivers that the participants signed. I wonder if there's any additional legal troubles that the owners will face apart from the items outlined in the waivers.
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Hopefully they have some white dudes over 50 on their legal team
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Governments usually show up to subrogate on stuff like this when they throw millions at a potential rescue.

Moreover, I don't think you put your CEO in the doomed sub if you're trying to scam the insurance company.

When you hear hooves - don't go lookin' for zebras.
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I'm not sure there's much the families could do with regards to litigation due to the nature of the waivers signed that also probably absolve OceanGate from indemnification (which I'm pretty sure won't be operating anymore after this).
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You can't typically 'waive' claims of gross negligence. That would seem to apply here.

But ultimately, OceanGate's looking at a zero-asset bankruptcy in fairly short order, I suspect. Something tells me they aren't exactly swimming in liquidity. Oh you can try to go after the CEO's estate but there are plenty of hurdles there as well - typically operating in his corporate capacity as CEO should insulate his personal assets.

Now if they had themselves a juicy little 'key man' life insurance policy with OceanGate named as the beneficiary (completely legal, FYI) there's a decent little pot to target...
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I was thinking that this site is technically in international waters, no? Or is it technically under U.S. jurisdiction?

Either way that brings open a can of worms with regard to public resources being used for commercialized travel that's risky like this or Space X/Virgin Galactic/Blue Origin.

We don't really have a governing board or body for rescues in international waters, right?

I'd have to find the interview, but I'm pretty sure Stockton said they spend $1 million on gas alone for these voyages, so I can't see them being profitable currently.
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I believe that's accurate, yes.

I think that's why you see some of those fights over maritime law and salvage rights in international waters. Though I have no earthly idea how they tend to turn out.

That's such a specialized field - there are probably like a dozen guys in the world that can speak intelligently to it.
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is there any insurance underwriter who would write this maniac a huge life insurance policy for deep diving in non certified vehicles?
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That might be also why OceanGate was able to cut corners in terms of safety-who’s going to say you can’t do something if people are OK with the risk and no country or governing body has legal jurisdiction over this area?
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If it's true that they knew ahead of time they were exceeding the depth rating of the window by 1000's of feet, you could argue that failure was only a matter of time. If that ends up being the point of failure. We're still not sure what the failure was at this point.
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I thought they were based out of Canada?
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Live footage just before the sub became inoperable.

Warning for Graphic:


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