OceanGate stops expeditions 'indefinitely' after fatal implosion
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The victims are presumed to have died instantly when the Titan imploded under the pressure of the North Atlantic at a depth of more than two miles (almost four kilometers).
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The Titan prepares for its descent to the Titanic on June 18, 2023 (AFP)
OceanGate confirmed on Thursday that it had halted all activities indefinitely, which comes after its own Titan submersible went missing on June 18 and four days later was confirmed to have suffered a catastrophic implosion, killing all five on board.
US-based OceanGate said on its website that it had "suspended all exploration and commercial operations."
The company's CEO, Stockton Rush, was on board, alongside British explorer Hamish Harding, French submarine expert Paul-Henri Nargeolet, and Pakistani-British tycoon Shahzada Dawood and his son Suleman.
Read next: Pakistan bears the brunt of double standards in boat, Titan tragedies
The victims are presumed to have died instantly when the Titan imploded under the pressure of the North Atlantic at a depth of more than two miles (almost four kilometers).
A debris field was found 1,600 feet (500 meters) from the site of the Titanic, and just last week, presumed human remains from the wreckage that was found on the ocean floor were taken to the port of St. John's, Newfoundland in eastern Canada.
For a seat on its sub, OceanGate Expeditions charged $250,000, and previous concerns over its safety policies were highlighted right after the incident.
Investigations into the cause of the tragedy have been launched by Canadian authorities and the US Coast Guard.
The submarine has a capacity for five people and an oxygen supply that can last for 96 hours.
