To safeguard a priceless national treasure, the Greek government has requisitioned the luxury cruise liner, 'Argo Thetis', for use as an undercover cargo carrier. The plan falls apart when the cruise ship is attacked by a submarine belonging to a fanatical billionaire art collector, Elgin Bates (Craig Wasson). During the assault a fuel tank is ignited, blasting a gaping hole in the ship's hull. Oxygen is now the most valuable commodity for the surviving passengers and crew, trapped in an airtight compartment below decks. As the oxygen decreases, the massive ship succumbs to the pull of the ocean, dropping ninety feet down and crashing onto a ledge overhanging one of the deepest tracts in the Aegean Sea. As the ship teeters over the gaping mouth of the abyss, the pressure causes the hatches to blow. One after the other, decks, corridors and cabins are rapidly flooded. Underwater, under pressure, they're fighting for their lives in the cruel deep
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