The Titan submersible’s owner, OceanGate, has halted commercial and exploratory operations. The Titan imploded while on its way to the Titanic. One among the lost was CEO Stockton Rush.
The company’s official website still lists equipment highlights, expedition summaries, and tour options for the Titanic debris even though all operations have been suspended.
OceanGate suspends operations
The Titan submersible, which weighed 23,000 pounds and was about the size of a minivan, was a component of OceanGate’s $250,000 per ticket tourist trips to examine the Titanic wreckage, which was lying 12,500 feet beneath the ocean’s surface, or roughly ten times higher than the Empire State Building.
The Titan lost touch with its mother ship on June 18 as it dove toward the Titanic. The failure of the submersible to surface led to an enormous international search that captured everyone’s attention. The Titan had experienced a catastrophic implosion, it was confirmed four days later.
- OceanGate suspends Titan submersible operations after the implosion, causing the loss of CEO Stockton Rush.
- OceanGate offers a $250,000 tourist trip to the Titanic wreckage.
- Company offers a submersible tour of shipwrecks and awaits Marine Board inquiry.
The deceased crew members have been named Stockton Rush, Shahzada Dawood, Hamish Harding, Paul-Henri Nargeolet, and Suleman Dawood.
A submersible tour of shipwrecks and underwater canyons was made available to tourists by the company, which was formed in 2009. The Marine Board of Inquiry will carry out additional research and testing on the evidence while the U.S. Coast Guard continues to lead the inquiry into the incident.
Experts estimate that it will take months to analyze the failures and ascertain the full magnitude of the incident’s repercussions because the probe is going into new terrain.
