The company did not elaborate beyond a red banner at the top of its website: "OceanGate has suspended all exploration and commercial operations."
OceanGate had planned two expeditions to the century-old Titanic ruins, located in a remote corner of the North Atlantic, for June 2024, its website showed.
The U.S. Coast Guard last week recovered presumed human remains and debris from the submersible, known as the Titan, after searching the ocean floor.
Examination of the debris is expected to shed more light on the cause of the implosion.
Its remains were found four days later, littering the seabed about 1,600 feet (488 meters) from the bow of the Titanic wreck.
Persons:
OceanGate, Rami Ayyub, Doina
Organizations:
U.S . Coast Guard, Thomson
Locations:
U.S