OceanGate—the sea exploration company that operated the Titan submersible that went missing and imploded in June—is suspending all exploration and commercial operations, according to the company’s website.
An undated photo shows tourist submersible belongs to OceanGate begins to descent at a sea. ... [+]
News of the suspension came just over two weeks after five people were killed, including the company's CEO Stockton Rush, during a trip to the Titanic wreckage.
Days after the sub lost contact, the Coast Guard announced that “presumed human remains” were recovered from debris of the Titan sub, which was recovered from the seafloor.
The Titan submersible first went missing Sunday, June 18, after it departed on a trip bound for the wreckage of the Titanic, triggering a search by the Coast Guard that lasted about five days. Officials initially held out hope that the five men on board could be saved before the vessel’s oxygen ran out by Thursday, until the Coast Guard District Northeast announced a debris field containing external parts of the Titan submersible had been discovered in an area near the wreck of the Titanic. The Coast Guard confirmed the Titan submersible suffered a “catastrophic implosion” that resulted in the passengers’ deaths.
OceanGate Expeditions (OceanGate)
‘Presumed Human Remains’ Found In Titanic Sub Debris, Coast Guard Says (Forbes)