The increasing demand for underwater exploration and rescue operations enforces the development of advanced wireless or semi-wireless underwater vessels equipped with manipulator arms. This paper presents the implementation of a semi-wireless underwater vehicle, "TritonZ" equipped with a manipulator arm, tailored for effective underwater exploration and rescue operations. The vehicle's compact design enables deployment in different submarine surroundings, addressing the need for wireless systems capable of navigating challenging underwater terrains. The manipulator arm can interact with the environment, allowing the robot to perform sophisticated tasks during exploration and rescue missions in emergency situations. TritonZ is equipped with various sensors such as Pi-Camera, Humidity, and Temperature sensors to send real-time environmental data. Our underwater vehicle controlled using a customized remote controller can navigate efficiently in the water where Pi-Camera enables live streaming of the surroundings. Motion control and video capture are performed simultaneously using this camera. The manipulator arm is designed to perform various tasks, similar to grasping, manipulating, and collecting underwater objects. Experimental results shows the efficacy of the proposed remotely operated vehicle in performing a variety of underwater exploration and rescue tasks. Additionally, the results show that TritonZ can maintain an average of 13.5cm/s with a minimal delay of 2-3 seconds. Furthermore, the vehicle can sustain waves underwater by maintaining its position as well as average velocity. The full project details and source code can be accessed at this link: https://github.com/kawser-ahmed-byte/TritonZ