Oceangate, the company that operated the sub which imploded during a dive into the Titanic wreck, killing all five people aboard, has announced that it had halted all activities till further notice.
The US Coast Guard announced on June 22 that the Titan sub had suffered a catastrophic implosion, putting an end to a rescue effort that had gripped the entire globe since it went missing on June 18.
Two weeks after the incident, in which firm CEO Stockton Rush perished, US-based OceanGate announced on its website that it has “suspended all exploration and commercial operations”.
Along with them were the French submarine expert Paul-Henri Nargeolet, Pakistani-British tycoon Shahzada Dawood, and his son Suleman. British adventurer Hamish Harding was also on board.
Experts last week recovered presumed human remains from the sub wreckage that was found on the ocean floor and taken to the port of St. John’s, Newfoundland in east Canada.
Read Also: Human Remains Recovered From Tragic Titan Sub Wreckage
The victims are presumed to have died instantly when the Titan, about the size of an SUV car, imploded under the crushing pressure of the North Atlantic at a depth of more than two miles (nearly four kilometers).
A debris field was found 1,600 feet (500 meters) from the bow of the Titanic, which sits 400 miles off the coast of Newfoundland.
OceanGate Expeditions charged $250,000 for a seat on its sub, but previous concerns over its safety policies came to light after the implosion.
The US Coast Guard and Canadian authorities have launched probes into the cause of the tragedy, which occurred after the Titan lost contact about an hour and 45 minutes after plunging into the ocean.
Africa Today News, New York recalls that the Titanic hit an iceberg and sank in 1912 during its maiden voyage from England to New York with 2,224 passengers and crew on board. More than 1,500 people died.
It was found in 1985 and has become a lure for nautical experts and underwater tourists.