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The US Coast Guard Marine Board of Investigation tasked with examining the June 2023 implosion of the Titan submersible released its report on Tuesday. The hearing was also shown an image of the Titan 's tail cone on the sea floor One of the final messages from the five-person crew of the Titan submersible before it imploded, killing all inside ... On June 18, 2023, about 1047 local time, while diving to the wreck of the ocean liner Titanic in the North Atlantic Ocean, about 372 miles southeast of St. John’s, Newfoundland and Labrador, Canada, the submersible Titan ’s pressure hull failed, and the vessel imploded. All five persons on board the vessel died. The Titan was a total loss; according to a 2023 customs declaration, the submersible ’s value, combined with its launch and recovery system, was estimated at $5.6 million CAD ... Titan , previously named Cyclops 2, was a submersible created and operated by the American underwater-tourism company OceanGate. It was the first privately owned submersible with a claimed maximum depth of 4,000 meters, [2] and the first completed crewed submersible with a hull constructed of titanium and carbon fiber composite materials.