Titanic sub: How is submersible tourism regulated and what’s next for industry?

All five people aboard the Titan, made by OceanGate Inc of Everett, Washington, were killed in an incident that launched a multinational search and captured the world's attention.

In the high seas where the Titan and other submersibles operate, there are no regulations and there is no government that controls international waters. OceanGate has not addressed queries about its decision to forgo certification from industry third parties such as the American Bureau of Shipping or the European company DNV.

Ofer Ketter, the president of SubMerge, a submersibles consulting and operations company based out of Costa Rica, said he had reassured clients that what happened to the Titan was unlikely to take place in the more hospitable depths that most private submersibles explored.

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Behind the submarine tourism industry where people pay $250,000 to visit the TitanicThe U.S. Coast Guard launched a rescue operation on Monday after a submersible tourist vessel went missing while on its way to the wreck of the Titanic in the Atlantic Ocean. The Titan, operated by the luxury travel company OceanGate Expeditions, disappeared 900 miles off the coast of Cape Cod, Mass., just one hour and 45 minutes into the dive.
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