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Company behind Titan submersible suspends all exploration and operations following Titan implosion

OceanGate, the company that owned the Titan submersible, has suspended all its explorations and commercial operations after the tragic incident that happened with the Titan submersible last month.

“OceanGate has suspended all exploration and commercial operations,” the company stated on a notice at the top part of their official website.

The implosion of the Titan submersible is a recent catastrophic event that gained so much attention from the public. It can be remembered that the Titan submersible imploded during its dive into the famous Titanic wreckage last month.

The five people onboard who were dead in the tragic incident were British businessman Hamish Harding, Pakistani billionaire Shahzada Dawood and his son Suleman, French diver Paul-Henri Nargeolet, and the very own CEO of OceanGate, Stockton Rush.

It was on June 18 when the submersible went on a dive and later lost contact with its operator. After four days, on June 22, OceanGate issued a statement saying that the five people who were in the submersible were believed to have died.

On the same day, debris and major parts of the Titan submersible were also found. This includes the tail cone that was located on the floor of the ocean.

Presumed remains of humans were also later discovered in the debris from the submersible, according to the U.S. Coast Guard. It was also said that further analysis and testing of the evidence will take place.

OceanGate’s expedition to the famous Titanic wreckage cost $250,000. It was said that the company had conducted numerous expeditions and dives across the Gulf of Mexico, Pacific, and Atlantic.

Looking back in history, Titanic sank on April 15, 1912, after it hit an iceberg and more than 1,500 passengers and crew of the ship died in the tragic incident. The shipwreck lies 12,500 feet below the level of the sea.

To emphasize how deep the famous shipwreck lies, the Burj Khalifa in Dubai, which is the world’s tallest building, may only go down 2,717 feet into the sea.


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