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In response to "I vaguely recall a 1960s-70s era movie about submariners traveling deep down into an ocean trench (maybe on a rescue voyage?)" by Mop (235 lbs)

Gray Lady Down (1978)?

Gray Lady Down - with Charlton Heston

* Director: David Greene
* Cast: Charlton Heston, David Carradine, Stacy Keach, Ned Beatty
* Commercial Summary: The tense story of the nuclear submarine Neptune which is rammed by a Norwegian freighter, plummeting 1400 feet before coming to rest on a crumbling sea-shelf. Using his untested two-man sub, a diving expert embarks upon a daring rescue attempt.


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