Key takeaways:
- OceanGate has suspended all exploration and commercial operations following the implosion of the Titan submersible with five people on board.
- The U.S. Coast Guard has launched an investigation into the cause of the implosion.
- OceanGate has not yet released any further information about the incident or the investigation.
OceanGate, the company that owned and operated the submersible that imploded with five people on board, has suspended all exploration and commercial operations. The announcement was made Thursday, with a brief message posted on the top of the company’s website.
The tragedy occurred two weeks ago, when the Titan, a submersible operated by OceanGate Expeditions, imploded en route to the wreckage of the Titanic. The five people on board, including OceanGate CEO Stockton Rush, British billionaire Hamish Harding, French diver Paul Henry Nargeolet, prominent Pakistani businessman Shahzada Dawood and his son, Suleman, were all killed in the incident.
The U.S. Coast Guard has launched an investigation into the cause of the implosion, and will look into possible “misconduct, incompetence, negligence, unskillfulness or willful violation of law” by OceanGate or the Coast Guard itself.
In the wake of the tragedy, OceanGate has suspended all exploration and commercial operations. The company has not yet released any further information about the incident or the investigation, and it is unclear when operations will resume.
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