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[1/2] The Titan submersible, operated by OceanGate Expeditions to explore the wreckage of the sunken SS Titanic off the coast of Newfoundland, dives in an undated photograph. Moreover, they say the tragedy of the Titan submersible that imploded during its expedition to the wreckage of the Titanic was an outlier, given that the maker of the vessel opted against certifying the vessel, defying industry convention. Industry experts say they were the first known fatalities in more than 60 years of civilian deep-sea submergence. While acknowledging the loss of life aboard the Titan, Ketter said "the facts are the facts" when it came to the experimental path OceanGate chose to take. "It's not that the regulations would be irrelevant, but they probably wouldn't be the biggest forcing function on the industry," Manley said.
Persons: James Cameron, Oscar, Cameron, OceanGate, Will Kohnen, Kohnen, Rush, John Mauger, Ofer Ketter, Ketter, Justin Manley, Manley, Brad Brooks, Daniel Trotta, Stephen Coates Organizations: OceanGate Expeditions, REUTERS, Titan, OceanGate Inc, Everett, Triton, Vehicle, American Bureau of Shipping, Marine Technology, Stockton Rush, . Coast Guard, Marine Technology Society, Thomson Locations: Newfoundland, Everett , Washington, Costa Rica
The company also boasted of collaborations with reputable institutions that have since denied partnering with OceanGate on the submersible in question. The interior of OceanGate's Titan submersible is seen in 2018. It “hasn’t been used in a crewed submersible ever before,” he said in a video last year. OceanGate appears to have also overstated its relationships with two institutions widely respected for their innovation: Boeing and University of Washington. OceanGate had partnered with UW to create a different submersible before parting ways, the university said in a statement.
Persons: Stockton Rush, , ” Rush, Rush, OceanGate, ” Rachel Lance, ” OceanGate, , Paul Henri, Nargeolet, David Pogue, , Pogue, Stockton, ” Stockton, don’t, Don’t, David Lochridge, Lochridge, OceanGate’s, Victor Balta, Balta, Guillermo Sohnlein, wasn’t, Anderson Cooper, Will Kohnen, ” Kohnen, Sal Mercogliano, ” Mike Reiss, ” Reiss, ” It’s, John Mauger, “ You’ve, CNN’s Gabe Cohen, Brad Lendon, Greg Wallace, Veronica Miracle, Allison Morrow, Rob Frehse, Paul Murphy, Celina Tebor Organizations: CNN, Stockton, US Coast Guard, Duke University, KOMO, OceanGate Expeditions, CBS, Getty, Boeing, University of Washington, OceanGate Inc, University of Washington’s, Physics Laboratory, UW, UW School of Oceanography, Titan, Marine Technology, Campbell University, Coast Guard Locations: Stockton, North Carolina, AFP
It's likely too risky to try recovering the remains of Titan's passengers, an ROV expert said. The search for the sub near the Titanic has already cost millions; recovery would cost even more. The five passengers on the Titan sub were British billionaire Hamish Harding, French submersible pilot Paul-Henri Nargeolet, British businessman Shahzada Dawood and his son Suleman, and the CEO of OceanGate Expeditions Stockton Rush. The Titan submersible had made three previous trips down to the wreckage. But shortly after the vessel vanished Sunday, key questions began emerging about the design and operation of the Titan.
Persons: It's, , Dr, Brendan Englot, Englot, OceanGate didn't, Hamish Harding, Paul, Henri Nargeolet, Shahzada Dawood, Suleman, Rush, Aileen Maria Marty, James Cameron Organizations: Service, Stevens Institute for Artificial Intelligence, OceanGate Expeditions Stockton Rush, US Coast Guard, Titan, Florida International University, CNN, ABC Locations: French, British
June 23 (Reuters) - For a year, Stockton Rush had tried to convince Las Vegas-based investor Jay Bloom to buy a couple of spots on his company's submersible so Bloom and his son could experience the once-in-a-lifetime thrill of visiting the deep-sea wreck of the Titanic. His son Sean, now 20, had been fascinated by the story of the doomed British passenger liner as a child. But the more Bloom read about the Titan submersible, the more concerned he grew about how safe it was. Bloom said Rush's confidence was unshakable. "He's a good guy, I really liked him, and I think he had good intentions.
Persons: Stockton Rush, Jay Bloom, Bloom, Sean, Shahzada Dawood, Suleman –, Rush, Treat Williams, , Guillermo Söhnlein, Joseph Ax, Colleen Jenkins, Nick Zieminski Organizations: Stockton, Las, Titan, U.S . Coast Guard, Thomson Locations: Las Vegas, Pakistani
Guillermo Söhnlein, who co-founded OceanGate with Stockton Rush in 2009, left the company in 2013, retaining a minority stake. Rush was piloting the Titan submersible on the trip that began on Sunday. He was very keenly aware of the risks of operating in the deep ocean environment, and he was very committed to safety," Söhnlein told Reuters. Questions about Titan's safety were raised in 2018 during a symposium of submersible industry experts and in a lawsuit by OceanGate's former head of marine operations, which was settled later that year. The Titan submersible, operated by OceanGate Expeditions to explore the wreckage of the sunken SS Titanic off the coast of Newfoundland, dives in an undated photograph.
Persons: Guillermo Söhnlein, Rush, Stockton, I'd, Söhnlein, OceanGate's, OceanGate, let's, David Latona, Aislinn Laing, Edmund Blair Organizations: OceanGate Expeditions, Stockton Rush, Reuters, REUTERS, American Bureau of Shipping, Thomson Locations: MADRID, Barcelona, Newfoundland
Apple stock could see big upside ahead after it confirmed its breakout above the prior record high of $183, according to Fairlead Strategies. Shares could jump 37% from current levels to $254 by the end of 2024. This "bullish long-term development" generates a new price objective of $254 per share for Apple, representing potential upside of 37% from current levels. The 20-day moving average for Apple stock is currently around $181 per share. Apple stock has surged 44% so far in 2023 and has driven the bulk of the S&P 500's year-to-date gain of about 14%.
Persons: , Katie Stockton, Stockton Organizations: Service, Apple
CNN —Filmmaker and deep-sea explorer James Cameron says he figured soon after learning that a Titanic-bound submersible was missing that it had imploded and its occupants were dead – days before officials announced that very outcome. The submersible was carrying five people when it dove Sunday toward the Titanic wreckage in the North Atlantic. It lost contact with its mother ship an hour and 45 minutes into the journey, sparking a dayslong search. Cameron was “hoping against hope” that his conclusion was wrong, “knowing in my bones that I wasn’t (wrong),” he said Thursday. … These are serious people with serious curiosity willing to put serious money down to go to these interesting places – and I don’t want to discourage that.”
Persons: James Cameron, Cameron, CNN’s Anderson Cooper, ” Cameron, “ Anderson Cooper, , , Cameron –, Mariana Trench, Shahzada Dawood, Suleman Dawood, Hamish Harding, Paul, Henri Nargeolet –, I’m, “ I’m Organizations: CNN, US Navy, Navy, Stockton Rush Locations: North
[1/2] The Titan submersible, operated by OceanGate Expeditions to explore the wreckage of the sunken SS Titanic off the coast of Newfoundland, dives in an undated photograph. Industry experts say they were the first known fatalities in more than 60 years of civilian deep-sea submergence. But even as industry leaders braced for increased scrutiny, they said it was difficult to forecast what sort of changes may come. While acknowledging the loss of life aboard the Titan, Ketter said "the facts are the facts" when it came to the experimental path OceanGate chose to take. "It's not that the regulations would be irrelevant, but they probably wouldn't be the biggest forcing function on the industry," Manley said.
Persons: James Cameron, Oscar, Cameron, OceanGate, Will Kohnen, Kohnen, Rush, John Mauger, Ofer Ketter, Ketter, Justin Manley, Manley, Brad Brooks, Daniel Trotta, Stephen Coates Organizations: OceanGate Expeditions, REUTERS, Titan, OceanGate Inc, Everett, Triton, Vehicle, American Bureau of Shipping, Marine Technology, Stockton Rush, . Coast Guard, Marine Technology Society, Thomson Locations: Newfoundland, Everett , Washington, Costa Rica
TikTokers are calling out a job posting from OceanGate, the company behind the Titan submersible. The company's job posting asks for a committed candidate with a sense of humor. TikTokers are roasting an OceanGate job posting advertising an "immediate opening" for a submersible pilot. OceanGate is the company behind the Titan submersible that was found in pieces on Thursday after going missing during a deep-sea tour of the Titanic ship wreckage. TikTokers are roasting the job posting online, with users commenting, "This literally proves what everyone says about companies filling your position the second you die" and saying it "really shows you everyone is replaceable."
Persons: Rush Organizations: Titan, OceanGate, Stockton Rush, Seattle Times Locations: OceanGate, Canadian
“Those of us in the community that work at that depth know that that’s always a risk,” Sohnlein told CNN. “I’ve broken some rules to make this,” Rush told travel blogger Alan Estrada of the Titan in 2021. Victims grieved as intrepid adventurers, beloved family membersFrom left, Hamish Harding, Shahzada Dawood, Suleman Dawood, Paul-Henri Nargeolet and Stockton Rush. Bill Diamond, a friend of Shahzada Dawood, told CNN Wednesday that his friend was intelligent and perpetually curious. He said he didn’t think of Shahzada Dawood as an adventurist but believes he was aware of the Titan trip’s risks.
Persons: John Mauger, Shahzada, Suleman Dawood, Hamish Harding, Paul, Henri Nargeolet, Mauger, , ” Mauger, , CNN’s Anderson Cooper, , Aileen Marty, Guillermo Sohnlein, that’s, ” Sohnlein, ” OceanGate, Sohnlein, Rush, ” Rush, Alan Estrada, Josh Gates, ” Gates, OceanGate, Shahzada Dawood, Nargeolet, Harding, Suleman, Dawood Hercules, Hussain Dawood, Kulsum, Bill Diamond Organizations: CNN —, Titanic, US Coast Guard, Stockton Rush, OceanGate Expeditions, Navy, CNN, Florida International University, Titanic Inc, Aviation, Dawood Hercules Corp, Locations: British, French
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Persons: Dow Jones Locations: stockton
The U.S. Coast Guard said today that a remote-controlled vehicle found debris from the Titan, the vessel that carried five people on a deep-sea exploration of the Titanic wreckage over the weekend, indicating a “catastrophic implosion.” Everyone aboard the submersible was believed to be dead, the Coast Guard said. The discovery effectively ended the international search that began on Sunday after the submersible lost contact. Stockton Rush, the chief executive of OceanGate, which operated the craft, was piloting the vessel. The authorities yesterday focused their search efforts on banging noises that were picked up from the area. However, OceanGate is likely to come under scrutiny and face questions about how the tragedy occurred and whether proper safety measures were taken.
Persons: Hamish Harding, Shahzada Dawood, Paul, Henri Nargeolet, OceanGate Organizations: U.S . Coast Guard, Coast Guard, Stockton Rush, Titanic Locations: British, Pakistani
Photos this week: June 15-22, 2023
  + stars: | 2023-06-22 | by ( ) edition.cnn.com   time to read: +1 min
An international search-and-rescue mission dominated the news this week as authorities tried to locate a missing submersible in the North Atlantic Ocean. "These men were true explorers who shared a distinct spirit of adventure, and a deep passion for exploring and protecting the world's oceans. Our hearts are with these five souls and every member of their families during this tragic time. The tail cone and other debris from the missing submersible were found by a remotely operated vehicle about 1,600 feet from the bow of the Titanic, which rests about 13,000 feet deep in the ocean. Here are some other stories that made headlines over the past week, as well as some photos that caught our eye.
Persons: Stockton, Shahzada Dawood, Suleman Dawood, Hamish Harding, Paul, Henri Nargeolet Organizations: Stockton Rush, OceanGate Expeditions
The search area for the missing submersible stretches about two times the size of Connecticut on the surface and goes down as deep as two-and-a-half miles, according to Frederick. We need a miracle – but miracles do happen,” oceanographer and water search expert David Gallo told CNN. However, it remains unclear whether the noises are from the missing submersible, Frederick said. David Marquet, a former submarine captain, described Wednesday what he imagines the five passengers are experiencing in the Titan submersible. OceanGate Expeditions strayed from industry norms by declining a voluntary, rigorous safety review of the vessel, according to an industry leader.
Persons: , , Capt, Jamie Frederick, Frederick, John Cabot, “ We’ll, ” Frederick, “ It’s, David Gallo, Frederick said, Rick Murcar, Murcar, Tom Dettweiler, ” Dettweiler, “ You’re, Hamish Harding, Shahzada Dawood, Suleman Dawood, Paul, Henri Nargeolet, David Marquet, John’s, Marquet, CNN’s Jake Tapper, ” Marquet, Joe MacInnis, who’s, Josh Gates, ” Gates, CNN’s Anderson Cooper, Gates, couldn’t, David Hiscock, OceanGate, ” Will Kohnen, wouldn’t Organizations: CNN, First Coast Guard, Canadian Coast Guard, US Navy, US Coast Guard, National Association of Cave, OceanGate Expeditions, Stockton Rush, Navy, Titan, Daylight, Horizon Services, U.S . Air Force, Marine Technology Society Locations: Connecticut, NewfoundlandSaturday
Finding a sub once it’s lost is like dropping a quarter into Lake Erie and hoping to get it back. And the passengers on the Titan weren’t thrill-seekers — they weren’t skydivers or rich tourists who climbed Mount Everest so they could brag about it. There’s a toilet onboard, and it’s never been used.” And that turned out to be the case. I quickly became aware that we were in the middle of a crisis: We were lost on the ocean floor. But with this comforting thought, of course, comes sadness — for the passengers, for their families, for the dreams of the Oceangate sub company.
Persons: Mike Reiss, CNN —, Mike Reiss Tim P, , Mount, I’ve, it’s, , Oceangate, , Hamish Harding, Paul, Henri Nargeolet, Shahzada Dawood, Sulaiman Dawood, Rush, we’ve Organizations: CNN, Titan, Whitby, Stockton Rush, Twitter, Facebook, Sherpa Locations: Lake Erie, Iran, Iraq, North Korea, British, French
The minivan-sized submersible Titan, operated by U.S.-based OceanGate Expeditions, began its descent at 8 a.m. (1200 GMT) on Sunday. The Titan set off with 96 hours of air, according to the company, meaning its oxygen tanks would likely be depleted some time on Thursday morning. "When you're in the middle of a search-and-rescue case, you always have hope," Coast Guard Captain Jamie Frederick said at a press conference on Wednesday. Titanic expert Tim Maltin said it would be "almost impossible to effect a sub-to-sub rescue" on the seabed. The robot could also help hook the sub to a surface ship capable of lifting it, the operator said.
Persons: Jamie Frederick, Frederick, Atalante, Victor, Hamish Harding, Shahzada Dawood, Suleman, Paul, Henri Nargeolet, Sean Leet, Leet, Tim Maltin, OceanGate's, Steve Gorman, Joseph Ax, Tim McLaughlin, Rami Ayyub, Tyler Clifford, Louise Dalmasso, Daniel Trotta, Brad Brooks, Ariba Shahid, Paul Thomasch, Nick Zieminski, Sandra Maler, Raju Gopalakrishnan Organizations: Co, U.S, Expeditions, Atlantic, U.S . Coast Guard, Coast Guard, Guard, U.S . Navy, Stockton Rush, Horizon Maritime Services, Thomson Locations: Canada, France, U.S, Cape Cod , Massachusetts, St, John's, Newfoundland, French
An undated photo shows tourist submersible belongs to OceanGate begins to descent at a sea. But the crew had only a four-day oxygen supply when the vessel, called the Titan, set off around 6 a.m. Sunday. The full area being searched was twice the size of Connecticut in waters as deep as 13,200 feet (4,020 meters). "This is a search and rescue mission, 100%," he said Wednesday. An undated photo shows tourist submersible belongs to OceanGate begins to descent at a sea.
Persons: OceanGate, Captain Jamie Frederick, Donald Murphy, Frederick, Carl Hartsfield, Frank Owen, Owen, Arthur Loibl, Capt, Jamie Frederick, Scott Eisen, Rush, Jeff Karson, Karson Organizations: US Coast Guard, OceanGate, Anadolu Agency, Getty, First Coast Guard District, Coast, Patrol, Navy, Oceanographic Systems Laboratory, U.S . Navy, Stockton Rush, OceanGate Expeditions, U.S, U.S . Coast Guard, CBC, Syracuse University Locations: Boston, Canada, Connecticut, Atlantic, U.S, British, St, John's, Norfolk , Virginia, Germany, Cape Cod, Boston , Massachusetts
CNN —James Cameron, who directed the hit 1997 film “Titanic” and has himself made 33 dives to the wreckage, offered his thoughts Thursday after it was announced that a missing Titanic-bound submersible suffered a “catastrophic implosion,” killing all five people on board. Cameron added he thinks “we’re also seeing a parallel here with unheeded warnings about a sub that was not certified.”A desperate search and rescue mission had been underway since the submersible went missing Sunday. “These men were true explorers who shared a distinct spirit of adventure, and a deep passion for exploring and protecting the world’s oceans. Speaking of his deep-sea dives to the site of the Titanic, Cameron told Cooper, “You feel the presence of the tragedy and I think that’s the lure. In 2012, he talked to the New York Times about the dangers of deep sea exploration.
Persons: James Cameron, ” Cameron, CNN’s Andersoon Cooper, Cameron, “ we’re, , John Mauger, Stockton, Shahzada Dawood, Suleman Dawood, Hamish Harding, Paul, Henri Nargeolet, Rush’s, Wendy Rush, Isidor Straus, Ida, Mariana Trench, Cooper, , ” “, “ It’s Organizations: CNN, US, Guard, Titan, Stockton Rush, New York Times, AAA
Corie Reed says OceanGate staff are some of her regulars at the coffee shop, Seas the Day Cafe. Reed says the town was "very disheartened" by internet memes about the Titan submersible. Over the past week, search teams have scoured the area near the Titanic shipwreck in an attempt to find the submersible. OceanGate told press that it believes the passengers have "sadly been lost." A regular had seen it on the news," Reed said of the news on Sunday night that OceanGate's Titan submersible had gone missing.
Persons: Corie Reed, Reed, OceanGate, she's, It's, they're, hadn't, Organizations: Titan, Stockton Rush, US Coast Guard Locations: Stockton
CNN —Wendy Rush, the wife the executive who piloted the submersible that has been the subject of a desperate search after it went missing during a dive to the Titanic wreckage, has a personal connection to the ship. The couple were fictionalized by Lew Palter as Isidor and Elsa Raven as Ida in the Oscar-winning 1997 film “Titanic,” directed by James Cameron. Wendy Rush, born Wendy Hollings Weil, is the great granddaughter of the couple’s daughter, Minnie Straus Weil. Isidor Straus was a co-owner of Macy’s and the story of how they perished captured the attention of those interested in the story of the Titanic. “On the night of 14 April, after Titanic had hit the iceberg, Isidor and Ida were directed to lifeboat eight.
Persons: Wendy Rush, Isidor Straus, Ida, Lew Palter, Isidor, Elsa Raven, , James Cameron, Wendy Hollings Weil, Minnie Straus Weil, Rush, acccording, Stockton Rush, “ Ida, Ellen, ” Isidor Straus’s, Ida’s Organizations: CNN, New York Times, Paramount Pictures, National Archives, Titanic, UK National Archives Locations: United States, Germany, New, Woodlawn
The company has attracted renewed scrutiny since its submersible vessel, Titan, went missing Sunday. In 2018, OceanGate faced a lawsuit from former employee David Lochridge, who said he warned about quality and safety issues related to the Titan vessel. The Titanic shipwreck expeditionsOceanGate has been conducting expeditions of the Titanic ship wreckage since 2021, according to the company's website. When reached for comment, a spokesperson for OceanGate told Insider the company was "unable to provide any additional information at this time." What is the OceanGate Titan?
Persons: OceanGate, Rush, David Pogue, David Lochridge, Pogue, Peter Girguis, Mike Reiss, Reiss Organizations: Stockton Rush, Rush, Morning, OceanGate Expeditions, Titanic, Smithsonian Magazine, Princeton University, McDonnell Douglas Corporation, University of California, The Seattle Times, Smithsonian, CBS, Titan, US Navy, BBC Locations: Everett , Washington, Pitchbook, St, John's, Newfoundland, OceanGate, Harvard
Debris from the missing Titan submersible was found on Thursday. James Cameron told ABC News that the incident is similar to how the Titanic captain ignored warnings about the iceberg. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementDirector James Cameron, who performed extensive research to film his blockbuster 1997 epic, "Titanic," said he sees parallels between the missteps that led to the fate of the Titan submersible and the infamous RMS Titanic shipwreck. Debris from the missing Titan sub was discovered Thursday after an intense four-day search.
Persons: James Cameron, , Cameron, I'm, Captain Edward J, Smith Organizations: Titan, ABC News, Service, US Coast Guard, Marine Technology Society, New York Times, Geographic, Atlantic, National Geographic, Stockton Rush
But some experts had worried about its safety, with a former employee and members of a trade group both expressing concerns about the design of the Titan vessel during its development. Lochridge countersued in August 2018, denying that and claiming that OceanGate's lawsuit was an effort to discourage "whistleblowers from coming forth with quality control issues and safety concerns that threaten the safety of innocent passengers." In the letter, Kohnen expressed what he said were widespread concerns about the Titan sub. Kohnen asked the MTS board in 2018 to officially send the letter on behalf of the entire society to Stockton. Stockton was sent a draft of the letter and discussed its contents in a 2018 phone call with Kohnen, in which the men "agreed to disagree" about the safety concerns raised, Kohnen said.
Persons: David Lochridge, OceanGate, Lochridge, Lochridge countersued, Will Kohnen, Kohnen, Stockton, Daniel Trotta, Brad Brooks, Rollo Ross, Donna Bryson, Rosalba O'Brien Organizations: OceanGate, Lochridge, Marine Technology, Stockton Rush, Reuters, MTS, DNV GL, DNV, Thomson Locations: Everett , Washington, Stockton
[1/2] The Titan submersible, operated by OceanGate Expeditions to explore the wreckage of the sunken SS Titanic off the coast of Newfoundland, dives in an undated photograph. OceanGate Expeditions/Handout via REUTERSJune 21 (Reuters) - Around the world, the story of the missing Titanic submersible and its rescue operation's race against time has been riveting onlookers. Erin Geary, a 27-year-old research assistant in Atlanta, Georgia, described feeling sad, anxious and mystified as she watched the rescue operation for the Titan submersible unfold. Geary grew up as a fan of the 1997 movie the "Titanic" starring Leonardo DiCaprio, which cemented the ill-fated ship's tale in modern popular imagination. "Some people think the Titanic is kind of cursed, so why would you purposely put yourself in that situation?"
Persons: Erin Geary, Geary, Leonardo DiCaprio, Hamish Harding, Shahzada Dawood, Suleman, Paul, Henri Nargeolet, Jenna Roat, Gabriella Borter, Tim McLaughlin, Sandra Maler Organizations: OceanGate Expeditions, REUTERS, Google, Stockton Rush, OceanGate, Coast Guard, Thomson Locations: Newfoundland, Atlanta , Georgia, Chile, Pakistani, French, Greece, Boston
Lochridge worked as an independent contractor for OceanGate in 2015, then as an employee between 2016 and 2018, according to court filings. Court filings from the company indicate there was additional testing after Lochridge’s time at OceanGate, and it’s unclear whether any of his concerns were addressed as the vessel was developed. He said more concerns were raised by contractors and employees during his time at OceanGate, and Rush became defensive and shied away from answering questions during all-staff meetings. In 2022, the legal representative updated the Virginia court on OceanGate’s expeditions in another court filing. “OceanGate decided to cancel the second mission for repairs and operational enhancements” after the vessel “sustained modest damage to its external components,” it reads.
Persons: David Lochridge, Lochridge, Stockton Rush –, , Rush, OceanGate, of Virginia –, ” Kevin Williams, “ OceanGate, “ Classing Organizations: CNN, US Coast Guard, OceanGate, Stockton Rush, Titan, Coast Guard, U.S, Eastern, of, University of Washington’s, Physics Laboratory, University of Washington, American Bureau of Shipping, Lloyd’s Locations: Cape Cod , Massachusetts, OceanGate, of Virginia, Virginia
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