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Personal submarines emerge on boat market

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A Triton two-seater personal submarine.

Bored with the luxury yacht? Personal submarines are a growing trend for the mega-rich.

Microsoft co-founder Paul Allen and Russian billionaire Roman Abramovich – owner of the world's largest private luxury yacht, Eclipse – are among those who have their own mini-sub.

Other ocean explorer types, such as British billionaire adventurer Sir Richard Branson and film director James Cameron, have custom-built subs.

In March last year, Cameron descended 11 kilometres into one of the ocean's deepest nooks, the Mariana Trench, in his Australian-designed solo sub, Deepsea Challenger.

Recreational subs could soon be jostling for space on board the world's luxury yachts, if latest design trends are any indication. The first family-friendly five-seater has hit the market and could soon be vying to become the new must-have toy of the mega-rich.

The C-Explorer 5 was created by Dutch submarine maker U-Boat Worx to accommodate four passengers and a pilot, and has been dubbed "the world's first the subsea limousine".

This airconditioned mini-sub – which will set you back between $2 million and $3 million – can descend to a depth of 300 metres, reach speeds of three knots underwater and stay below the surface for eight hours.

A range of larger recreational submarines that seat many more passengers are also on the market, but because of their size and price – in the tens of millions of dollars – they are mostly pitched at the luxury resort market.

The market for recreational mini-subs is relatively new, according to Barry Jenkins, chairman of Superyacht Australia, which represents businesses that sell products and services to the superyacht industry.

He says he spotted a mini-sub – a single-seater – for the first time at an international boat show about five years ago, then a double-seater appeared, and now the first five-seaters are arriving.

"We're hoping to track down one of the smaller ones for the Sanctuary Cove International Boat Show this year," he says.

Read more: http://www.theage.com.au/executive-style/personal-submarines-emerge-on-boat-market-20130226-2f4dh.html#ixzz2M75wGKOX

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