• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Leadershipoceans

Titan hearing paints image of sub company that ignored warnings, put profits over people—and had an explorer’s spirit

By
David Sharp
David Sharp
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
David Sharp
David Sharp
and
The Associated Press
The Associated Press
Down Arrow Button Icon
September 27, 2024, 5:45 AM ET
An illustration of the Titan submersible, right, is shown near the ocean floor of the Atlantic Ocean, and communications between the submersible and the support vessel Polar Prince, not shown, are represented at left.
An illustration of the Titan submersible, right, is shown near the ocean floor of the Atlantic Ocean, and communications between the submersible and the support vessel Polar Prince, not shown, are represented at left. United States Coast Guard via AP

Witnesses testified that the company that operated an experimental deep-water submersible that imploded, killing five people, put profits over safety and ignored warning signs before the disaster. Several company officials, meanwhile, spoke of the explorer spirit and taking calculated risks to push humankind’s boundaries.

Recommended Video

Those different viewpoints emerged as the Coast Guard panel on Friday wraps up two weeks of testimony on the Titan disaster last year. The panel is tasked with determining why the carbon-fiber submersible was lost 12,500 feet (3,810 meters) deep on the ocean floor near the wreck of the Titanic.

Testimony painted contrasting images of greed and hubris as OceanGate sought out well-heeled clients for its submersible made from carbon fiber — a material that was untested at such depths — versus modern-day explorers who carefully considered risks as they sought to open the deepest depths of the world’s oceans to more people.

Guillermo Sohnlein, who helped found OceanGate with Stockton Rush, described the lofty goal “to give humanity greater access to the ocean, specifically the deep ocean.” Using carbon fiber for the pressure hull was hardly a novel idea, he said, and noted Rush himself was the first human to test the design.

But former operations director David Lochridge said the company was committed only to profit making.

“The whole idea behind the company was to make money,” he testified. “There was very little in the way of science.”

Witnesses could not even agree on what to call the wealthy clients who paid $250,000 for the experience. Some said they were simply passengers, even though OceanGate called them “mission specialists” who were given tasks.

Killed in the implosion were Rush and four others including Paul-Henri Nargeolet, who was director of underwater research for RMS Titanic, which holds the legal rights to salvage the wreck of the ship. Nargeolet’s family is suing for more than $50 million, accusing the sub’s operator of gross negligence.

The carbon-fiber pressure hull of Titan was the subject of much of the discussion. An expert witness, Roy Thomas, senior principal engineer at the American Bureau of Shipping, testified that carbon-fiber may be strong and light, but that it’s tricky to manufacture. Carbon fiber also is “susceptible to fatigue failure” under repeated pressurization and salt water can weaken the material in multiple ways, he said.

Coast Guard officials noted at the start of the hearing, held in South Carolina, that the submersible had not been independently reviewed, as is standard practice.

Witnesses testified they had heard loud cracking sounds in past descents. And scientific director Steven Ross said that, on a dive just a few days before the Titan imploded, the vessel became unstable because of a ballast problem, causing passengers to tumble and crash into a bulkhead.

During its final dive on June 18, 2023, the crew lost contact after an exchange of texts as it descended. One of the last messages from Titan’s crew to the Polar Prince support ship before the submersible imploded stated, “all good here.” The crew of Polar Prince, meanwhile, grew increasingly concerned.

Ships, planes and other equipment assembled for a rescue operation about 435 miles (700 kilometers) south of St. John’s, Newfoundland. Wreckage of the Titan was subsequently found on the ocean floor about 330 yards (300 meters) off the bow of the Titanic, Coast Guard officials said.

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Authors
By David Sharp
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
Fortune Secondary Logo
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

Electrician apprentices at work.
Future of WorkCareers
A dire electrician shortage is a ‘life-or-death’ threat to the AI data center boom—and an opportunity for Gen Z
By Preston ForeMarch 2, 2026
11 minutes ago
Two girls look at a white laptop placed on a desk.
AIEducation
American schools weren’t broken until Silicon Valley used a lie to convince them they were—now reading and math scores are plummeting
By Sasha RogelbergMarch 1, 2026
12 hours ago
Mackenzie Scott, wearing a red dress, smiles.
Successphilanthropy
MacKenzie Scott’s close relationship with Toni Morrison long before Amazon put her on the path give more than $1 billion to HBCUs
By Sasha RogelbergMarch 1, 2026
15 hours ago
Slack cofounder Stewart Butterfield
SuccessProductivity
Slack cofounder says workers and CEOs can get stuck doing ‘fake’ work like pre-meetings and slide shows
By Emma BurleighMarch 1, 2026
16 hours ago
ground beef
HealthTikTok
Gen Z men are eating ‘boy kibble,’ the human equivalent to dog food, to load up on protein cheaply
By Jake AngeloMarch 1, 2026
19 hours ago
Young dejected worker on phone
SuccessGen Z
USAA CEO says Gen Z ‘are not going to be as well off’ as boomers and Gen Xers—they need to take ownership of their success, he urges
By Emma BurleighMarch 1, 2026
21 hours ago

Most Popular

placeholder alt text
Economy
Your grandparents are the reason the U.S. isn't in a recession right now. That won't last forever
By Eleanor PringleMarch 1, 2026
22 hours ago
placeholder alt text
Success
MacKenzie Scott's close relationship with Toni Morrison long before Amazon put her on the path give more than $1 billion to HBCUs
By Sasha RogelbergMarch 1, 2026
15 hours ago
placeholder alt text
Middle East
As Iran attacks Dubai, the tax-free haven for the global elite could see 'catastrophic' fallout — 'this can also send shockwaves globally'
By Jason MaMarch 1, 2026
14 hours ago
placeholder alt text
Personal Finance
Trump's universal 401(k) architect on why lower-income people distrust retirement accounts: 'they want to know what the catch is'
By Jacqueline MunisFebruary 28, 2026
2 days ago
placeholder alt text
Health
Gen Z men are eating ‘boy kibble,’ the human equivalent to dog food, to load up on protein cheaply
By Jake AngeloMarch 1, 2026
19 hours ago
placeholder alt text
Middle East
U.S. military gives Iran a taste of its own medicine with cheap copycat Shahed drones, while concern shifts to munitions supply in extended conflict
By Jason MaMarch 1, 2026
12 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.