OceanGate Halts Operations Following Titanic Sub Implosion

OceanGate, the company that owned the Titan submersible that imploded during an expedition to the Titanic, has suspended all exploration and commercial operations following the deadly incident that claimed the lives of five people. The U.S. Coast Guard, leading the investigation, stated that there is still much work to be done to understand the cause of the implosion and prevent similar accidents in the future. The submersible was not certified by the U.S. Coast Guard, and debris from the vessel has been taken ashore for further examination. OceanGate had two more expeditions to the Titanic scheduled for June 2024.