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An Australian submarine carrying 55 sailors was seconds from sinking to the bottom of the Indian Ocean following a catastrophic on-board flood off the coast of Perth.
The near-tragedy has forced the navy to permanently reduce the diving depth of its fleet of six Collins-class submarines for safety reasons - a move that has weakened their military capability.
An investigation by The Weekend Australian has revealed that an accident on board HMAS Dechaineux on February 12, 2003, was more serious than the navy has publicly admitted.
"I don't think there was anybody on our boat who wasn't scared that day," said Able Seaman Geordie Bunting, who almost drowned in the flood and who has now spoken about it for the first time.
"Another five seconds and we would have been in big trouble ... another 10 and you have got to question whether we could have surfaced."
Mike Deeks, the then commander of the navy's submarine force, said: "We were talking seconds, not minutes. It was a very serious, significant flood."
"You know there are certain things the Navy have to keep secret because they're operational security matters that go to the heart of the national security of the country.
"And one of them is the operational capability of the Collins Class submarines and the last thing we want is potential adversaries to learn about their operational capability."
"I don't think there was anybody on our boat who wasn't scared that day," said Able Seaman Geordie Bunting, who almost drowned in the flood and who has now spoken about it for the first time.
"Another five seconds and we would have been in big trouble ... another 10 and you have got to question whether we could have surfaced."
Mike Deeks, the then commander of the navy's submarine force, said: "We were talking seconds, not minutes. It was a very serious, significant flood."
The Collins Class Submarines are an engineering marvel, but have not been without their problems, which included:
Design faults: The metal that had been selected for use in the propeller had not been thoroughly tested and was brittle and inadequate.
Sound signature faults: The vessel's sound signature was not correct and could not adequately avoid detection (it was a noisy sub).
Water ingress problems: Initially the Collins Class had water ingress in excess of 300 litres per hour, flooding into the sub. This was eventually corrected to only 3 litres.
Most of the problems the Collins Class faced were the result of the fact that the vessel was different to anything else that the engineers had tried to achieve before.
Accepted into service July 1991. Paid off 1994, leased to Canada and renamed HMCS Victoria (SSK 876). To operate in Atlantic Ocean. First submarine to be taken out of mothballs and reactivated. Officially handed over to Canada at Barrow-in-Furness on 6th October 2000. Set sail for Halifax three days later.