OceanGate Suspends All Operations After Submersible Implosion
OceanGate, the company that owned the Titan submersible which tragically imploded on a mission to explore the Titanic wreck, has announced the suspension of all its operations.
The suspension of operations by OceanGate, a company based in Everett, Washington, was confirmed via a statement posted on its official website. The company said it “has suspended all exploration and commercial operations,” without providing additional detail on the situation.
Following the disaster, the US Coast Guard announced that what appear to be human remains have been salvaged from the wreckage 3,810 meters below sea level using ROVs and have been sent for examination to medical officials. ,810 meters below sea level.
Moreover, the US Coast Guard has initiated its most severe level of inquiry into the implosion and its cause, represented by the creation of a Marine Board of Investigation. It is anticipated that a public hearing will be scheduled for some point in the future as part of this process.
Information for this briefing was found via OceanGate and the sources mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
