OceanGate Shuts Down All Exploration, Commercial Operations After Titanic Sub Implosion

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OceanGate has said it is suspending all 'exploration and commercial operations' following the Titan submersible implosion that resulted in the death of the company's CEO and four others attempting to visit the wreck of the Titanic.

The company, based in Everett, Washington, owned and operated the Titan submersible that imploded during an attempt to visit the famous Titanic shipwreck — approximately 12,500 feet below sea level — killing five people onboard, including OceanGate CEO Stockton Rush.

The others who perished on the Titan were Pakistani businessman Shahzada Dawood, his 19-year-old son, Suleman Dawood, British explorer Hamish Harding, and French diver Paul-Henri Nargeolet. On June 18, OceanGate’s submersible lost contact with a research vessel about one hour and 45 minutes into its dive to the Titanic site, the U.S. Coast Guard said.The incident resulted in a high-stakes multinational rescue mission, as many believed there was a possibility that the Titan was lost with the five men trapped inside, and 96 hours on the clock until they would run out of breathable air inside the vessel.that a top secret U.S.

The sound reportedly happened near the area where the debris of the Titan was later found, and the noise was “immediately” reported to the commander on site leading the search, U.S. defense officials told the

 

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