Billionaire shipping magnate Eric Benirall (Sam Neill) hires a tabloid journalist (Eric Stoltz), an oceanographer (Catherine Bell), an adventuring meteorologist (Michael Rodgers) and a psychic (Bruce Davison) to investigate why his shipping vessels have gone missing in the Bermuda Triangle. The survivor of one such incident (Lou Diamond Phillips) realizes that his reality has been altered.

The U.S. Secretary of the Navy claims they have found a way to stop the Triangle phenomena, but once back home the investigation team realizes that a miscalculation in his plan could lead to unimaginable consequences.