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VisitWill OceanGate declare bankruptcy by December 31, 2024?
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Publicly available financial statements and news reports
Coast Guard Releases Footage of Titan Sub Wreckage, Reveals 2023 Malfunctions Before Fatal Dive
Sep 20, 2024, 09:52 AM
The U.S. Coast Guard has released new footage and images of the Titan submersible wreckage, confirming the catastrophic loss of the vessel. The footage shows the mangled remains, including the tail cone, scattered across the ocean floor. The Coast Guard panel's ongoing hearings have raised questions about the deaths of the five passengers and revealed that the submersible had malfunctioned days before the fatal dive in 2023. Testimonies from mission specialists and former passengers have highlighted mechanical failures and operational issues, including an aborted dive due to a malfunction. The company behind the Titan, OceanGate, was staffed by competent people who aimed to make dreams come true, according to a senior employee. Steven Ross, a former passenger, testified about the sub's issues. Families of the victims await further testimony, hoping for answers and closure.
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