Almost three weeks after the loss of the “Titan” submarine, operator OceanGate has temporarily suspended its business.

OceanGate Temporarily Suspends Operations

Almost three weeks after the loss of the “Titan” submarine, operator OceanGate has temporarily suspended its business. The sub, according to the US Coast Guard, imploded underwater. The exact cause is still unclear.

Following the submarine accident near the wreckage of the “Titanic” that claimed five lives, operator OceanGate Expeditions has temporarily suspended operations. OceanGate has halted all exploration trips and business operations, as stated on the website of the Washington-based company.

The “Titan” submarine accident made headlines worldwide.

The approximately 6.5-meter-long sub set off for the wreckage of the “Titanic” in the North Atlantic on June 18 with five occupants. After an hour and forty-five minutes, contact with the “Titan” was lost. This was followed by an intensive search operation involving airplanes, ships, and remotely operated vehicles. After four days of searching, a remotely operated vehicle eventually discovered debris from the “Titan” near the ocean floor at a depth of 3800 meters close to the wreckage of the “Titanic.”

OceanGate CEO among the deceased

According to the US Coast Guard, the submarine imploded due to the tremendous water pressure, but the exact cause of the accident is still unclear. All five people on board lost their lives. Among the deceased was Stockton Rush, the CEO of OceanGate Expeditions, who founded the company in 2009.

Many questions regarding the company’s safety standards have arisen in light of the accident. The US Coast Guard announced that the recovered debris from the submarine will be examined in the United States. US medical experts will also analyze the human remains that have been recovered.