Giant shark movie (not JAWS)

A movie in English and in color I once saw on TV where a giant shark even bigger than JAWS is seen terrorizing waters. It capsizes a boat full of people, eats a man escaping on a jet ski when he unintentionally runs towards its mouth, eats a whole bunch of people on a circular life-raft, and gets blown up by a submarine’s torpedo/missile at the end.

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