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OceanGate Suspends All Exploration & Business Operations After Titanic Sub Implosion
OceanGate Suspends All Exploration & Business Operations After Titanic Sub Implosion That Claimed 5 Lives
OceanGate, the company that owned and operated the submersible that imploded with five people on board, has suspended all exploration and commercial operations.
The company made the announcement Thursday in a banner on its website. No further details were provided.
OceanGate CEO Stockton Rush was among the five people killed when the Titan sub imploded en route to the wreckage of the Titanic wreckage in June.
The Coast Guard’s Marine Board of Investigation, along with authorities from Canada, France and the United Kingdom, are looking into what caused the deadly implosion.
Investigators will look into possible “misconduct, incompetence, negligence, unskillfulness or willful violation of law” by OceanGate, the company that operated the Titan, or by the Coast Guard itself, the service branch previously said.
The submersible first went missing on June 18, kicking off four days of search and rescue efforts. Authorities ultimately determined that the vehicle had suffered a “catastrophic implosion” on the day of its disappearance.
Parts of the sub were discovered 488 metres (1,600 feet) from the bow of the Titanic.
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