Virtually all marine vessels are certified by organizations such as the American Bureau of Shipping, DNV, or Lloyd’s Register, which ensure that they are built using approved materials and methods and carry appropriate safety gear. It has been widely reported that Rush was dismissive of such certification, but what has not been made public until now is that OceanGate pursued certification with DNV (then known as DNV GL) in 2017—until Rush saw the price. “[DNV] informed me that this was not an easy few thousand dollar project as [it] had presented, but would cost around $50,000,” he later wrote in an email to Rob McCallum, a deep-sea explorer who had also signed Kohnen’s letter.
Later in article:
Reality was more prosaic. Like most startups, OceanGate was in constant need of funds. Rush was trying to save money wherever he could. Interns, who made up around a third of the engineering team, were paid as little as $13 an hour. (When a manager pointed out in 2016 that Washington’s minimum wage was just $9.47 an hour, Rush responded, “I agree we are high. $10 seems fair.”) Rush also downgraded the sub’s titanium components from aerospace grade 5 quality to weaker and cheaper grade 3, says one former employee.
I knew they were being cavalier about safety, but didn’t realize they were penny pinching to this degree.
For what it’s worth, that particular format war, the format backed by more porn studios (HD-DVD) actually lost to the one with less porn backing (Blu-ray). Personally I think that the PS3 tipped things over the edge.