It’s difficult to invest in this film emotionally from the very start. A collection of investors discovers that the White Star Line is essentially operating with almost nothing left. The company’s stock value is plummeting because of the money spent on the RMS Titanic, and its chairman, "Ismay" (Ernest Fritz Fürbringer), decides they need to locate the ship's richest passengers in an attempt to stop this downward spiral. Once at sea, the movie devolves into a predictable sequence of seafaring dramas filled with betrayal, affairs, and, for some viewers, the approaching iceberg might have even been seen as a relief! The final moments are managed with some tension by Herbert Selpin, but the over-the-top portrayals of characters, the obvious bias against Britain, and the lack of concern for established facts – even in 1943 – make it feel like an awkward piece of propaganda that wasn’t entirely truthful to certain historical people. It's surprising that a statement claiming the iceberg was a cleverly disguised U-boat didn't appear! Despite its flaws, it is still worth seeing; occasionally, the depiction of greed and fear among those on board might be closer to reality than we would like to acknowledge.

Source on TMDB