OceanGate said it has halted all exploration and business operations, just a few weeks after five people were killed in a company-owned submersible on an expedition to see the wreck of the Titanic.
A banner on the company’s website announcing the news offered no further details.
Read More: The Titan Sub and the Dangers of Unregulated Deep-Sea Tourism
Last month, a multinational search effort took place after OceanGate’s Titan submersible went missing near the Titanic’s resting place in the North Atlantic Ocean. The US Coast Guard announced days later it had found the submersible, saying it suffered a “catastrophic implosion.”
OceanGate did not immediately respond to a request for comment by phone.
More Must-Reads From TIME
- The 100 Most Influential People of 2024
- How Far Trump Would Go
- Scenes From Pro-Palestinian Encampments Across U.S. Universities
- Saving Seconds Is Better Than Hours
- Why Your Breakfast Should Start with a Vegetable
- 6 Compliments That Land Every Time
- Welcome to the Golden Age of Ryan Gosling
- Want Weekly Recs on What to Watch, Read, and More? Sign Up for Worth Your Time
Contact us at letters@time.com