OceanGate Expeditions has indefinitely suspended all of its exploration and commercial operations following the catastrophic failure of its Titan submersible in late June.

OceanGate made the announcement via a banner on its website. The company had previously offered expensive tickets to visit the ocean floor and the wreck of the Titanic.

"OceanGate has suspended all exploration and commercial operations," the announcement reads in red text.

<i>This is a developing story. Check back soon for updates.</i>

<div class="author-bio"><p>Anders Hagstrom is a reporter with Fox News Digital covering national politics and major breaking news events. Send tips to Anders.Hagstrom@Fox.com, or on Twitter: @Hagstrom_Anders.</p></div>

OceanGate has suspended all of its exploration and commercial operations, the company announced Thursday after the implosion of its Titan sub in June.{ai:summary}<p>OceanGate Expeditions, the company that offered expensive tickets to visit the ocean floor and explore the wreck of the Titanic, has suspended all operations since the catastrophic failure of its Titan submersible in late June. #technology</p>

OceanGate suspends all exploration, commercial operations after Titan sub implosion

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