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Missing Titanic sub crew believed to be dead, OceanGate says

Titan submersible

This undated image courtesy of OceanGate Expeditions, shows their Titan submersible beginning a descent.

Photo credit: AFP

What you need to know:

  • It was carrying British billionaire Harding and dual Pakistani-British citizens Dawood, a tycoon, and his son Suleman.
  • OceanGate Expeditions charges $250,000 for a seat on the sub.
  • Also on board was OceanGate's CEO Rush and French submarine operator Nargeolet, nicknamed "Mr Titanic" for his frequent dives at the site.

The operator of a submersible missing near the wreck of the Titanic said Thursday it believed all five people on board were dead, due to what the US Coast Guard described as a "catastrophic" implosion of the vessel in the ocean depths.

The solemn announcement from Oceangate came hours after rescuers said a "debris field" had been discovered following a dayslong search -- adding to fears that, even if the vessel were still intact, its oxygen may have run out.