OceanGate is not expected to cover the expenses for a rescue mission to locate the missing Titan submersible and its crew, a venture that experts anticipate will cost millions of dollars. Retired Admiral Paul Zukunft, former commander of the Coast Guard, stated that the underwater exploration company, known for offering clients the opportunity to view the wreckage of the Titanic for a fee of $250,000, would likely not be held responsible for reimbursing the government. Zukunft compared the situation to a private citizen’s boat sinking, emphasizing that the Coast Guard would not charge the citizen for a rescue operation. Chris Boyer, leader of the National Association for Search and Rescue, estimated that the rescue mission would cost millions. The submersible’s passengers include British businessman Hamish Harding, OceanGate founder and CEO Stockton Rush, Pakistani billionaire Shahzada Dawood and his son Sulaiman Dawood, and French deep-sea diver Paul-Henri Nargeolet.
The Navy has deployed a specialized system called the Flyaway Deep Ocean Salvage System (FADOSS), capable of retrieving objects at depths of up to 20,000 feet below the ocean’s surface. However, Zukunft explained that the system’s fuel consumption, personnel requirements, and maintenance costs alone would amount to millions of dollars. If authorities determine that there is no hope of finding survivors, OceanGate may be asked to pursue a salvage operation at its own expense. The submersible’s passengers include OceanGate founder and CEO Stockton Rush, British billionaire Hamish Harding, Pakistani billionaire Shahzada Dawood and his son Sulaiman Dawood, and French deep-sea diver Paul-Henri Nargeolet.
The US Coast Guard is allocating significant resources to locate the missing submersible. The five individuals were headed for the Atlantic seabed, where the remains of the Titanic lie 13,000 feet below the ocean’s surface. Zukunft emphasized the humanitarian aspect of the situation, as loved ones reach out to the Coast Guard for updates and reassurance. The Coast Guard provides regular updates on search efforts and offers to share search patterns with concerned family members. Authorities from the US, Canada, and France are working together to find the submersible, located hundreds of miles off the coast of Newfoundland.
The Titan submersible, constructed with carbon fiber and commencing annual tours in 2021, went missing during its third voyage. The US Coast Guard has calculated that the submersible’s four-day oxygen supply will be depleted by Thursday morning. The Washington Post has reached out to OceanGate and the Coast Guard for comment.
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