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A submarine carrying five persons who were visiting the remaining parts of the Titanic at the bottom of the North Atlantic Ocean remains missing.

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An immense search operation is underway to find the submersible by United States and Canadian authorities.

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Officials from the United States Coast Guard stated during a press conference that those on board the vessel have roughly forty hours of oxygen left.

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The Explorers Club's President, Richard Garriott, said the passengers of the missing OceanGate submersible will be located soon.

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The trip was promoted by OceanGate as an opportunity to "become one of the few to see the Titanic with your own eyes. The charge for obtaining a seat on the vessel was $250,000. 

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The trip, however, was not promoted as mere tourism, with OceanGate claiming that each of its dives had a scientific goal-oriented.

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Eight days journey organized by OceanGate Expeditions. with participants first traveling 400 nautical miles to the wreck site, approx. 900 miles off the coast of Cape Cod, Massachusetts.

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Hamish Harding, Stockton Rush, Paul-Henry, Suleman Dawood and Shahzada Dawood have been reported to be on the vessel.

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OceanGate a company sells aircraft to Fortune 100 companies, international corporations, heads of state and people in the entertainment and sports industries.

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