July 6 – According to the information that was presented on the company’s website on Thursday, OceanGate, which is located in the United States and controlled the tourist submersible that exploded while it was diving to the debris of the Titanic, has ceased all exploration and commercial operations.
A red banner that said “OceanGate has suspended all exploration and commercial operations” was posted at the top of the business’s website, but the corporation did not provide any other information.
According to the information provided on OceanGate’s website, the company had intended to send two teams to the rusting remains of the Titanic, which are situated in a remote part of the North Atlantic.
The undersea implosion that occurred in June is being investigated by authorities in the United States and Canada. This accident, which resulted in the deaths of all five passengers on board, prompted issues about the lack of regulation that exists for trips of this sort.
After conducting a search on the sea floor, the United States Coast Guard’s Titan submarine was used to retrieve what are believed to be human remains along with other debris last week. It is anticipated that further insight into the cause of the implosion will be gained through examination of the debris.
During its descent on June 18, the Titan was unable to maintain communication with its support vehicle. It was four days later that its skeletal remnants were discovered strewn over the seafloor around 1,600 feet (488 meters) from the bow of the Titanic catastrophe.