OceanGate Suspending Operations After Titanic Disaster, Titan Implosion
Titan Submersible Implosion OceanGate Suspending All Operations
OceanGate is pressing pause in the wake of the Titan submersible's fatal voyage to the Titanic shipwreck ... the company says it's halting all operations.
In a statement Thursday, OceanGate says it's suspending all exploration and commercial operations in the wake of last month's tragedy, which killed OceanGate CEO Stockton Rush and four others.
As you know, Stockton was piloting the Titan submersible when it imploded during a dive to the famed shipwreck ... killing everyone on board, including British billionaire Hamish Harding, French researcher/diver Paul-Henri Nargeolet, Pakistani businessman Shahzada Dawood and his son, Suleman.
OceanGate has several other submersibles aside from the Titan, but the company says none will be going below the surface any time soon.
The Titan wreckage was recently recovered from the bottom of the Atlantic ocean ... along with presumed human remains.
It's unclear when, if ever, OceanGate will resume operations.
