OceanGate Expeditions has halted all operations. This comes after the Titan submersible, belonging to the company, was lost on June 18, 2023. The submersible, carrying five individuals including the CEO, imploded during a tour of the Titanic wreckage off the coast of Newfoundland, Canada. Tragically, all five passengers are presumed deceased.
In response to the incident, OceanGate expressed deep sadness and decided to suspend operations. They want to honor the families and friends of the victims.
The cause of the implosion is still being investigated. OceanGate is cooperating with the investigators to determine what transpired.
The Titan was a 21-foot submersible designed for depths of up to 4,000 meters, accommodating up to six people. It was equipped with scientific instruments such as cameras and sensors, allowing passengers to explore the ocean floor.
OceanGate Expeditions is a private company that offers commercial submersible tours to the Titanic wreck. They have conducted over 30 such tours since 2018.
The loss of the Titan represents a significant setback for OceanGate Expeditions. The company has stated that they will not resume operations until the cause of the implosion is identified and necessary safety measures are implemented.
The loss of the Titan serves as a reminder of the risks associated with deep-sea exploration. The ocean is an immense and unforgiving environment, where even advanced submersibles can be susceptible to accidents.
Linde to Expand Operations in India with $1 Billion Investment
