Join our crew and become one of the 106,463 members that receive our newsletter.

The Titan submersible, operated by OceanGate Expeditions to explore the wreckage of the sunken SS Titanic off the coast of Newfoundland, dives in an undated photograph. OceanGate Expeditions/Handout via REUTERS

The Titan submersible, operated by OceanGate Expeditions to explore the wreckage of the sunken SS Titanic off the coast of Newfoundland, dives in an undated photograph. OceanGate Expeditions/Handout via REUTERS

OceanGate Suspends Operations After Loss of Titan Submersible

Bloomberg
Total Views: 2530
July 8, 2023

By Brandon Sapienza

(Bloomberg) –OceanGate said it has halted all exploration and business operations, just a few weeks after five people were killed in a company-owned submersible on an expedition to see the wreck of the Titanic. 

A banner on the company’s website announcing the news offered no further details. 

Last month, a multinational search effort took place after OceanGate’s Titan submersible went missing near the Titanic’s resting place in the North Atlantic Ocean. The US Coast Guard announced days later it had found the submersible, saying it suffered a “catastrophic implosion.”

OceanGate did not immediately respond to a request for comment by phone.

© 2023 Bloomberg L.P.

Unlock Exclusive Insights Today!

Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.

Sign Up
Back to Main
polygon icon polygon icon

Why Join the gCaptain Club?

Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.

Sign Up
close

JOIN OUR CREW

Maritime and offshore news trusted by our 106,463 members delivered daily straight to your inbox.

Join Our Crew

Join the 106,463 members that receive our newsletter.