Titan Submarine News: OceanGate, the owner of the Titan submersible, which exploded during a dive to show the wreckage of the Titanic ship that sank over a century ago, finally realized it was dangerous to do Sport ? According to a CNN report on Thursday, Oceangate said it has suspended all exploration and commercial operations. All five people, including Stockton Rush, CEO of Oceangate, were killed in the Titan submarine crash. The Titan submarine was reported missing on June 18. The US Coast Guard and Canadian authorities announced on June 22 that the submarine suffered a “massive explosion”, killing all five people on board. Among them were CEO Stockton Rush, British businessman Hamish Harding, French diver Paul-Henri Nargiolet, Pakistani billionaire Prince Dawood and Dawood’s 19-year-old son Sulaiman Dawood. This accident had attracted the attention of the world for several days.
The company’s website Oceangate announced on Thursday the suspension of all exploration and commercial operations. But the site still features reels of gear and flagship Expeditions, as well as details on Expedition deals such as a visit to the wreck of the Titanic.
Remains recovered from the wreckage of the submarine last week by the US Coast Guard may also contain human remains. He was found at the bottom of the ocean and taken to the port of St. John’s in Newfoundland, eastern Canada.
It is believed that when the Titan submarine exploded due to strong pressure from the North Atlantic at a depth of over two miles, those on board died instantly.
Captain Jason Neubauer, chairman of the Marine Board of Investigation, said that “much work remains to be done to understand the causes of the devastating accident of the submarine Titan and to help determine that a similar tragedy does not happen again”.
Oceangate once charged $250,000 for a seat on its submarine at the 111-year-old Titanic wreck, some 12,500 feet below the ocean surface.
According to the Oceangate website, the company has completed over 14 expeditions and over 200 dives in the Pacific, Atlantic and Gulf of Mexico.