The Transportation Safety Board of Canada says it's launching an investigation involving the loss of the Titan that will focus on the cargo vessel Polar Prince
and its creator's refusal to submit to safety checks that are standard in the industry.
While OceanGate promoted the Titan’s carbon fiber and titanium construction as “lighter in weight and more efficient to mobilize than other deep diving submersible,” experts say carbon composites have limited life when subject to excessive loads or poor design which leads to stress concentrations.A pair of adventurers who sued OceanGate for fraud said they have dropped their lawsuit against the company that owned the Titan submersible.
“Money is a driving force in our economy, but honor, respect and dignity are more important to the human soul,” the statement read. “We wish the entire OceanGate family and the families of those aboard the Titan the very best as they grieve the loss of their loved ones.”cost of the search for the missing Titan
Some agencies can seek reimbursements. But the U.S. Coast Guard is generally prohibited by federal law from collecting reimbursement pertaining to any search or rescue service, said Stephen Koerting, a U.S. attorney in Maine who specializes in maritime law. “Every person who is missing – they deserve to be found. That’s the mission regardless of who they are,” Hastings said.The Titan's voyage down into the North Atlantic highlights theIt’s a space on the high seas where laws and conventions can be sidestepped by risk-taking entrepreneurs and the wealthy tourists who help fund their dreams. At least for now.
“We’ve made thousands and thousands and thousands of dives with other countries as well to these depths and have never had an incident,” Ballard said Friday on ABC’s “Good Morning America.” “So this is the first time, and the smoking gun is that this is the first time by a submarine that wasn’t classed.”called the lack of certification by an engineering entity or"classing bureau""a critical failure.
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