With financial backing from Charles Gardiner, Joseph Wiggins – an experienced sea captain who had already twice sailed to the north of Russia, once entering the Kara Sea – purchased The Thames, a 120-ton screw steamer, with the intent of surveying the Gulf of Ob and the Yenisei River and returning with profitable cargo.
The Thames left Vardø in Norway on 26 July 1876. The ship entered the Yenisei River and reached the Kureika River on 18 October, too late to return home, so Wiggins secured the ship for the winter and traveled overland back to Britain. The Thames and its crew wintered 1876–1877 on the Yenisei, and Wiggins returned to her at the end of April 1877. But she was frozen to the bottom and suffered damage on being freed; headed downriver, she then ran aground on 3 July 1877. Despite the crew's effort, the ship could not be saved, and she was sold for scrap (her main value being her boilers). The crew refused Wiggins's proffered schooner as unsafe and returned with him to Yeniseysk and thence home overland.
In 2016, the wreck of The Thames was found in the Yenisei River by Nikolay Karelin and Alexander Goncharov, researchers from Siberian State Aerospace University sponsored by the Russian Geographical Society and the Russian Fund for the Humanities.