OceanGate, owner of the submersible that imploded during a dive to the Titanic, suspends operations

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The company that owned a submersible that imploded on its way to explore the wreck of the Titanic, killing all five onboard, said Thursday it has suspended operations.

A submersible vessel named Titan used to visit the wreckage site of the Titanic is seen in an undated handout photo. A German man who previously completed a journey to the Titanic wreck aboard the submersible destroyed in an implosion one week ago, believes the tragedy has ended adventure tourism at the site in the North Atlantic. THE CANADIAN PRESS/AP-HO, OceanGate Expeditionson its way to explore the wreck of the Titanic, killing all five onboard, said Thursday it has suspended operations.

Investigators believe the Titan imploded as it made its descent into deep North Atlantic waters on June 18. Among those killed was Stockton Rush, the submersible’s pilot and chief executive officer of the company, OceanGate. The Coast Guard said last week that human remains have likely been recovered from the wreckage of the submersible and are being examined by medical officials in the U.S. Remote operated vehicles, known as ROVs, were used to retrieve the debris from the ocean floor about 12,500 feet underwater.

The U.S. Coast Guard has convened a Marine Board of Investigation, its highest level of investigation, into the implosion, and plans to hold a public hearing in the future.Sign up for the CHEK Now daily email newsletter to get breaking news and the day's top stories sent to your email.The statement on OceanGate’s website says the Everett, Washington-based company “has suspended all exploration and commercial operations,” but doesn’t elaborate.

OceanGate is based in the U.S. and OceanGate Expeditions, a related company that led the Titan’s dives to the Titanic, is registered in the Bahamas.

 

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