According to AFP, the organization posted on its website on Thursday that it would no longer be sending individuals down to the wreckage of the Titanic, or elsewhere.
OceanGate declined the Guardian’s request for further comment.
OceanGate, a private company, was founded in 2009 by Stockton Rush and Guillermo Söhnlein. Using leased commercial submersibles, the company has spent the better part of the past 13 years taking customers to various places including the shipwrecks of the Andrea Doria and the Titanic.
Last week, the presumed human remains of those lost were recovered from within the wreckage.
Officials noted that the Coast Guard would transport the evidence recovered from the North Atlantic to a US port. There, medical professionals were slated to conduct a formal analysis of the remains.
“The evidence will provide investigators from several international jurisdictions with critical insights into the cause of this tragedy.
A chair captain with the Marine Board of Investigation, Jason Neubauer said “There is still a substantial amount of work to be done to understand the factors that led to the catastrophic loss of the Titan and help ensure a similar tragedy does not occur again”.