OceanGate Suspending Expeditions After Submarine Tragedy

A trailer featuring the OceanGate logo is pictured near a trailer and other equipment at OceanGate Expedition's headqurters in the Port of Everett Boat Yard in Everett, Washington, on June 22, 2023. All five people aboard a submersible missing near the wreck of the Titanic died -- likely in an instant -- after their vessel suffered what the US Coast Guard said June 22, 2023 was a "catastrophic implosion" in the ocean depths. (Photo by Jason Redmond / AFP) (Photo by JASON REDMOND/AFP via Getty Images)

Not surprisingly, OceanGate isn’t planning anymore submarine trips to see the remnants of the Titanic.

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The company’s announcement that it has suspended all exploration and commercial operations comes shortly after a tourist submersible imploded during a dive to view the Titanic’s remains. All five on board were killed, reportedly instantly.

OceanGate made the announcement in a brief and bright red banner on its website: “OceanGate has suspended all exploration and commercial operations.”

It did not elaborate beyond that.

A sticker from a 2019 Titanic survey expedition on a window of the OceanGate Inc. offices in Everett, Washington. (Getty)

Last week, the US Coast Guard recovered debris and what are believed to be human remains from the submarine after searching the ocean floor.

Both U.S. and Canadian authorities are investigating what caused the June underseas explosion. Per ABC News: “Examination of the debris is expected to shed more light on the cause of the implosion.”

Equipment stored near the OceanGate Inc. offices in Everett, Washington. (Getty)

The vessel known as the Titan lost contact with its support vessel in a June 18 descent. Its remains were found on June 22.

A ticket to view the Titanic wreckage via OceanGate reportedly cost $250,000. The Titanic’s remains are located about 12,500 feet below the ocean’s surface, or as CNN pointed out, about 10 Empire State buildings.

US Rear Adm. John Mauger, the First Coast Guard District commander, makes statements to the press at the US Coast Guard Base Boston after the OceanGate submarine tragedy. (Getty)

“The five men onboard have been identified as Rush; British businessman Hamish Harding; French diver Paul-Henri Nargeolet; Pakistani billionaire Shahzada Dawood; and Dawood’s 19-year-old son, Suleman Dawood,” CNN reported.

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