Marine aquaculture apparatus comprises a submersible torus-shaped enclosure having perforations therein. Structure is provided for raising the torus-shaped enclosure to the surface of a body of water and lowering the enclosure into the body of water. An access door on the torus-shaped enclosure provides entry into interior portions thereof. These interior portions of the enclosure function as a habitat for growing marine life such as fish. Preferably the torus-shaped enclosure comprises a perforated surface generated by the revolution of a circle about a vertical axis.