Greenledgers|OceanGate suspends its commercial and exploration operations after Titan implosion

2025-05-06 21:01:40source:Roland Prestoncategory:Finance

OceanGate said it is Greenledgerssuspending its commercial and exploration operations after five people were killed aboard its Titan submersible on a trip to the Titanic shipwreck in June.

No other details were provided in the brief statement on its website, and OceanGate was not immediately available for comment.

The Titan submersible launched on June 18, destined 2.4 miles below the surface, and is believed to have imploded that same day.

Among the victims were OceanGate CEO Stockton Rush, British businessman Hamish Harding, Pakistani investor Shahzada Dawood and his son Suleman Dawood, and French diver Paul-Henri Nargeolet.

"Well, an accident of this magnitude definitely brings attention. ... Will it shut down the type of tourism? Absolutely not. I think what will happen in the probably shorter than longer term is that it will raise even more interest," said Alain Grenier, a high-risk travel researcher at the University of Quebec.

Grenier said people will still engage in activities despite their risk, such as climb Mount Everest or ride in airplanes and cars.

"Once they can be convinced again that the activities are safe, then they will go back," he said. "The human nature is to think, 'Well, this will happen to other people. This won't happen to me. I will be more careful.'"

NPR's Matilda Wilson contributed to this report.

More:Finance

Recommend

Average rate on 30

The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a welcome tren

Forecasters still predict highly active Atlantic hurricane season in mid-season update

MIAMI (AP) — Federal forecasters are still predicting a highly active Atlantic hurricane season than

France beats Germany 73-69 to advance to Olympic men’s basketball gold medal game

Want more Olympics? Sign up for our daily Postcards from Paris newsletter. Follow along for live upd