Ocean Gate, the company which provided the services to explore the wrecked Titanic ship through the Titan submersible has suspended all its exploration and commercial operations. The company announced the same on a banner on its website. It is known that the Titan submersible which carried five passengers including the Ocean Gate CEO Stockon Rush exploded after commencing its exploration operation.
After hours of search, a few parts of the submersible were identified near the wrecked ship and brought to land. Currently, the investigation is going on to find out what caused the explosion.
The Coast Guard’s Marine Board of Investigation and the authorities from Canada, France, and the United Kingdom are a part of the investigation. They will look into possible “misconduct, incompetence, negligence, unskillfulness or willful violation of law” by OceanGate.
The company used to charge $250,000 per person for the wrecked Titanic tour. It has been warned of potential safety problems for years.