The deep-sea catastrophe was the result of repeated failures by the company and its late CEO to follow safety, testing and maintenance protocols, the Coast Guard said.

The U.S. Coast Guard has released its final report on the catastrophic implosion of OceanGate's Titan submersible, which killed five people on a deep-sea voyage to the Titanic wreckage in June 2023, criticizing the company's CEO, Stockton Rush, and singling him out as a major reason for the disaster.

A U.S. Coast Guard report found the OceanGate Titan submersible implosion was preventable, citing design flaws and safety oversights. Stockton Rush, OceanGate CEO, was determined to be responsible for ignoring warnings and regulations, leading to the fatal incident.