OceanGate announced July 6, 2023 that it was suspending exploration and commercial operations after a tourist submarine bound for the Titanic's wreckage site imploded in June. News of the suspension came just over two weeks after five people were killed, including the company's CEO Stockton Rush, during a trip to the Titanic wreckage.
Days after the sub lost contact, the Coast Guard announced that “presumed human remains” were recovered from debris of the Titan sub, which was recovered from the seafloor.The Titan submersible first went missing Sunday, June 18, after it departed on a trip bound for the wreckage of the Titanic, triggering a search by the Coast Guard that lasted about five days.
a debris field containing external parts of the Titan submersible had been discovered in an area near the wreck of the Titanic. The Coast Guard confirmed the Titan submersible suffered a “catastrophic implosion” that resulted in the passengers’ deaths.