The loss of the pressure chamber is suspected to be the cause of the tragedy.

The Titan submersible carrying five people onboard has been destroyed because of the loss of the pressure chamber and no one has survived the incident, the US military announced after obtaining footage from a remotely-controlled undersea drone that examined the ocean floor.

The drone’s operators saw the tail cone of the submersible at approximately half a kilometer from the wreckage of the Titanic, as well as other debris.

Rear Admiral John Mauger, the First Coast Guard District commander, said the debris was “consistent with a catastrophic loss of the pressure chamber” and offered condolences to the families of the victims.

He feared that there are no chances to recover any bodies, given that “this is an incredibly unforgiving environment.”

OceanGate Expeditions, which operated the Titan submersible to ferry tourists to the resting place of the Titanic, issued a statement on the following terms:

“We now believe that our CEO Stockton Rush, Shahzada Dawood and his son Suleman Dawood, Hamish Harding, and Paul-Henri Nargeolet, have sadly been lost. […] Our hearts are with these five souls and every member of their families during this tragic time. We grieve the loss of life and joy they brought to everyone they knew.”

Stockton Rush was OceanGate Expeditions founder and CEO.

Billionaire Hamish Harding was a British businessman, pilot, explorer and space tourist based in the United Arab Emirates. He was the founder of Action Group and was chairman of Action Aviation, an international aircraft brokerage company with headquarters in Dubai.

Paul-Henri Nargeolet was a French deep-sea explorer and Titanic expert.

Shahzada Dawood was a Pakistani and British businessman, investor, and philanthropist. His 19-year-old son Suleman lost his life near his father.