OceanGate has suspended all exploration and business operations after the death of the five crew members of the Titan submersible in June.
Gatekeepers News reports that those that lost their lives in the submersible include British adventurer Hamish Harding, 58; French veteran Titanic explorer Paul Henri Nargeoloet, 77; British-Pakistani businessman Shahzada Dawood, 48, and his 19-year-old son Suleman; and 61-year-old American Stockton Rush, co-founder of OceanGate, the company that operated the lost sub.
The company disclosed the suspension of its operation via a statement published on its official, website.
The statement read, “OceanGate has suspended all exploration and commercial operations.”
The OceanGate is a privately owned US firm that provides crewed submersibles for tourism, industry, research, and exploration.
It hosted a “Titanic Expedition”, which is an excursion into the historic site of the Titanic boat which sank in April 1912 in the North Atlantic Ocean four days after her maiden voyage from Southampton to New York City.
On June 19, the United State Coast Guard of Boston announced that a submersible carrying passengers to the underwater site of the sunken Titanic ship had gone missing.
The First Coast Guard District commander, Rear Adm John Mauger, however, confirmed that they died from a catastrophic implosion of the sub.
