Billionaires Onboard Missing Titanic Submarine: The Mystery of the Sinking Titan

Date:

Updated: [falahcoin_post_modified_date]

The world is on edge as multinational search teams continue their efforts for a fifth day to locate the Titan, a tourist submersible that disappeared with five individuals on board while exploring the Titanic wreck. The submersible belongs to US-based OceanGate Expeditions and was carrying British billionaire Hamish Harding, Pakistani-born business magnate Shahzada Dawood and his son, French oceanographer and Titanic expert Paul-Henri Nargeolet, and OceanGate founder and CEO Stockton Rush. The loss of contact with the surface support ship towards the end of the intended two-hour dive left Titan close to exhaustion of its air supply.

According to Coast Guard Captain Jamie Frederick, underwater sounds picked up by Canadian search planes on Tuesday and Wednesday are yet to be determined. Still, the remote-controlled search vehicles have been re-directed to the area where the sounds were heard, with optimism that they may locate the submersible. However, if the Titan is found, it will be difficult to retrieve due to the submersible’s bolted doors that prevent occupants from exiting without assistance.

Some experts, however, have said even if the Titan is located; it would be almost impossible to retrieve it due to the relatively great depths and significant pressure. The French submersible on its way to the site could help determine if Titan is stuck on the seabed and hooked up to a surface ship capable of lifting it. The US Navy is also sending its specialized salvage system, making the efforts underway an international multi-agency search and rescue mission.

The search effort continues to unfold in the same location where the RMS Titanic tragically collided with an iceberg and sank during its inaugural journey in 1912, resulting in the loss of over 1,500 lives. Operating to offer tourists the chance to see the same historical event, OceanGate charges $250,000 per person for the trip. With five prominent individuals on board, the search for the Titan has become a global story.

[single_post_faqs]
Shreya Gupta
Shreya Gupta
Shreya Gupta is an insightful author at The Reportify who dives into the realm of business. With a keen understanding of industry trends, market developments, and entrepreneurship, Shreya brings you the latest news and analysis in the Business She can be reached at shreya@thereportify.com for any inquiries or further information.

Share post:

Subscribe

Popular

More like this
Related

Revolutionary Small Business Exchange Network Connects Sellers and Buyers

Revolutionary SBEN connects small business sellers and buyers, transforming the way businesses are bought and sold in the U.S.

District 1 Commissioner Race Results Delayed by Recounts & Ballot Reviews, US

District 1 Commissioner Race in Orange County faces delays with recounts and ballot reviews. Find out who will come out on top in this close election.

Fed Minutes Hint at Potential Rate Cut in September amid Economic Uncertainty, US

Federal Reserve minutes suggest potential rate cut in September amid economic uncertainty. Find out more about the upcoming policy decisions.

Baltimore Orioles Host First-Ever ‘Faith Night’ with Players Sharing Testimonies, US

Experience the powerful testimonies of Baltimore Orioles players on their first-ever 'Faith Night.' Hear how their faith impacts their lives on and off the field.