BREAKING: US Coast Guard states all 5 aboard lost Titan submersible are dead

A Remote Operating Vehicle discovered the debris on Thursday morning. In consultation with experts from within the unified command, the debris is consistent with the catastrophic loss of the pressure chamber." The Coast Guard immediately reached out to the families, and offered their condolences.

The Titan was approximately 1600 feet from the bow of the Titanic on the sea floor. The investigation is still ongoing, and comes after debris from the wreckage, including the rear cover and landing frame, were found. An ROV is continuing operations on the sea floor. Debris "comprising the totality of the pressure chamber" was found.

Authorities do not believe that bodies will be recovered, and stated that as to the cause of the destruction, an expert said that the Titanic, or a crash with the Titanic, was not at fault. Instead, they believe it was "an implosion in the water column." This was a "catastrophic implosion."

The timing of the implosion as regards the length of time Titan was underwater before the implosion is not yet known.

A statement released by OceanGate, the company behind the Titan submersible that went missing Sunday after descending to the depths to view the wreckage of the famed, ill-fated luxury liner Titanic, stating that all of those aboard are dead.

“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,” the company said.

“These men were true explorers who shared a distinct spirit of adventure, and a deep passion for exploring and protecting the world’s oceans. 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.”