Before You Spend $2 Billion on Your Own Submarine, Read This – Trending Stuff

For those bored with multimillion-dollar megayachts, using their ho-hum helipads and snooze-inducing jacuzzis, consider the 928-foot-long M7, made by the Austrian company, Migaloo Private Submersible Yachts.

In the event you’re the helipad-on-a-sea-vessel kind, the M7 not only has a place for your chopper to land, it has a swimming pool, VIP suites, multiple hangar bays, and a design inspired by the U.S. Navy’s Zumwalt-class destroyers. (Alas, its engines are diesel-electric, not nuclear-powered.)

And unlike a yacht, which is just going to sit there on top of the water, floating around like a $200 million chunk of burnished driftwood, the M7 can dive to 1,500 feet and cruise underwater in 20 knots. The real excitement, as Sebastian the Crab once staged, is “beneath the sea. ”

A rendering of the M7 by Migaloo.

Source: Migaloo

Life may be better down where #x 2019 & it;s wetter, but the M7 will cost you. There’s no precise price tag yet, says Christian Gumpold, chief executive officer of Migaloo.  But the $2.3 billion figure discussed in this report is shut. “This would make it for sure to the most expensive private object worldwide,” Gumpold advised us via email.

The M7 is not the only submarine accessible to those rich enough to afford you. For a few decades, companies such as Triton Submarines, DeepFlight Adventures, U-Boat Worx BV, and Seamagine Hydrospace Corp. have been producing and selling “submersibles. ” These are smaller vehicles, capable of taking from two to eight passengers thousands of feet down to explore the sea for hours at a time. OceanGate Inc., founded by the adventure-loving entrepreneur Stockton Rush, is planning to take passengers to the remains of the in 2018.

Before You Spend $2 Billion on Your Own Submarine, Read This – Trending Stuff

A submersible design by Triton Submarines.

Photographer: Nick Verola

#x 2019 & submersibles can;t, however, regenerate their own power, and they rely on yachts or vessels for transportation and servicing. They’re but they’re more James Cameron, less James Bond.

Full-on, luxury submarines are a more recent development. Three companies—Migaloo, the Florida-based U.S. Submarines Inc.. , and Ocean Submarine in the Netherlands—produce sub designs this aspiring Bond villains fantasy of: capable of traveling 1,000 miles or more, luxuriously appointed, and the sort of underwater headquarters from which you can plot world domination, or perhaps just host friends for a week of exploration.

As you may expect, submarines that are personal are phenomenally expensive. U.S. Submarines’ Nomad 1000—that seats 10 to 24, has a range of 1,000 nautical miles, and can dive to 1,000 feet—begins at $6.5 million. Its top-of-the-line Phoenix 1000, which has more than 5,000 square feet of interior, is estimated to cost $90 million.

So while dozens of personal submersibles are currently bobbing around the deep, there are no luxury subs in life. For all the renderings zipping around the Internet, subs such as the M7 and the Phoenix 1000 stay (mostly) theoretical.

Before You Spend $2 Billion on Your Own Submarine, Read This – Trending Stuff

A diagram of Migaloo’s M7 sub.

Source: Migaloo

“We’re not building anything at this time,” stated L. Bruce Jones, the founder and CEO of U.S. Submarines, adding that his company, which is affiliated with Triton, is focusing on submersibles “because that’s where the market is. ”

“It seems like a hugely engineering exercise—and #x 201D & #x 2014; in the sector that is recreational, & an one; stated Stewart Campbell, editor of . “Yachting is #x & game2014;space that is how much can you pack into your hull and superstructure? #x 2019 & there;s a calculation that is cost-per-gross-tonne that the superyacht world knows. I imagine with one of these huge submersibles, that equation goes out the window. #x 2019 & you;re not getting much volume and the identical yacht will give you more of everything. ”

It’s also possible that safety concerns hinder potential buyers, though all sub makers adhere to safety standards issued by organizations such as the American Bureau of Shipping and the Norwegian DNV GL, as well as the U.S. Navy’s Subsafe specifications. They all also claim perfect records, with about 1 million passengers per year going on dives as tourists.

Before You Spend $2 Billion on Your Own Submarine, Read This – Trending Stuff

Rendering of a Neyk submarine.  

Source: Neyk Submarine

Of the three manufacturers, only Ocean Submarine (which supplies subs to the military)  is under contract to finish a civilian vessel, for what CEO Martin van Eijk calls “a very rich client. ” Set to be delivered in 2018, the 64-foot Neyk L3 can seat up to 20 passengers, depending upon the configuration, using a bar, galley, and library. (Van Eijk did not know which books will enter the library.)

The L3 might be smaller than Migaloo’s offerings, but its dimensions offers some advantages. #x 2019 & the company;s idea of luxury is, based on its brochures, about “more than Connolly leather. ” As with, say, a Lamborghini, this is about relaxation and control: Vertical thrusters let the L3 stay in one place, despite sea currents; landing gear allows the sub to pull up on beaches (no marina necessary); and the ride is quiet and precise, with a range of 500 to 1,500 nautical miles. Additionally, it’s only 20 million euros -LRB-$23.8 million), almost a bargain. (Buy two!)

Before You Spend $2 Billion on Your Own Submarine, Read This – Trending Stuff

Interior of a Neyk sub.

Source: Neyk Submarine

Learning these subs—or training a crew to pilot them—is essential. In the U.S., pilots need to get a master’s license, but there’s more to it than that. “When a submarine is on it the surface’s the same like #x 201D, & another boat; van Eijk said. “But when you go down under, you need some rules to understand. ”

Ocean Submarines, he explained, has a German training center. “We can do exactly the exact same interior as the cockpits, so the client can see how precisely the submarine will work,&#x201D. The training typically takes.

As soon as you & #x 2019; ve got your crew and your sub, you can go wherever you like, the manufacturers told me. There are no specific restrictions on civilian subs anywhere in the world. Which is not to say coast guards won’t take note of your presence.

“When you bring a submersible into somebody else’s territorial waters, not everybody is as enthusiastic about letting you go diving,” stated Patrick Lahey, the founder and president of Triton Submarines. “The places that people appear to be most concerned about submersibles being used are Greece and France, since they’ve antiquities on the floor and they’re concerned that a person that owns a submersible may be going down and taking things which may be an important part of history. ” (Mechanical grabbing arms and diver lock-out chambers are popular add-ons for most subs.)

A way is to assuage worries, Lahey said.  “Involve the local government in what you’re doing, both to assure them you’re not there to plunder their antiquities but to give them an opportunity to dip in their own waters and to see things perhaps they’ve never seen themselves. ”

#x if this doesn &2019;t work, you can always invite them or even a midnight screening of the new Star Wars film at your sub’s open-air cinema. And if the paparazzi show up to spy, you can do what superyacht owners never can: Dive.

Read more: http://www.bloomberg.com/

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