They are still announcing two new marine explorations for 2024: from June 12 to 20, the first. And from the 21st and 29th of the same month, the second. But they will not take place. OceanGate has announced that it is suspending all pending commercial and exploration operations..
The company that marketed the Titan’s immersion trip to the Titanic wreck ceases its services. After the implosion of the submersible, and the death of its five crew members, the company has chosen not to carry out what was scheduled while the investigation continues its course.
Founded in 2009, OceanGate has always been dedicated to human exploration of the oceans. According to their website, the objective of their expeditions, at depths of up to 4,000 meters (13,123 feet), is none other than to provide “unique opportunities for citizen explorers and researchers to work together“, and although now everything has been marred by the catastrophe that has cost the lives of its five crew members, the truth is that OceanGate has been several successful expeditions in the past.
During its 14 years of existence, have flown more than 200 missions in the Pacific, Atlantic and Gulf of Mexico. missions that provided him with substantial economic benefits. In 2019, it actually received $19.3 million as investments. But after what happened the future of the company is not clear
Among the deceased crew members was one of the founders, Stockton Rush, a loss that has logically had a great impact on the company. Although apart from the pain for the human losses, they now have to face possible legal responsibilities. In principle, all those who immersed themselves in the fatal trip of the Titan signed a document where they assumed the risk they were running, but the lawyers and investigators will have the last word.
The co-founder of the company, Guillermo Sohnlein, a minority shareholder, has already stated that “in the coming weeks” OceanGate’s board of directors will analyze “the survival” of the company”, whose future is “uncertain.
