OceanGate suspends operations after its Titan submersible imploded on its way to the Titanic

– 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.

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. The Coast Guard did not respond to an emailed request for comment on Thursday. OceanGate is based in Everett, Washington, and OceanGate Expeditions, a related company that led the Titan’s dives to the Titanic, is registered in the Bahamas.

“There’s essentially no chance of recovering damages” from the company if it’s no longer operating, he said.

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