Two Billionaires Among the Missing on Tourist Submarine Exploring the Titanic哈米什哈丁和沙hzada Dawood were aboard a vessel that lost contact an hour and 45 minutes into its dive towards the Titanic wreck.

ByJonathan SmallOriginally published

Photo by: OceanGate

A high-tech submarine that takes people to the depths of the Atlantic Ocean to see the wrecks of the Titanic has gone missing, and rescuers are racing to save those onboard before their air supply runs out.

According toSky News, passengers on the Titan submersible include British billionaires Hamish Harding and Shahzada Dawood, French submarine pilot Paul-Henry Nargeolet, and Dawood's son Suleman.

The exclusive tour is run by OceanGate Expeditions, a private company that charges as much $250,000 a person for the chance to see the Titanic wreckage off the coast of Newfoundland.

Race against the clock

According to the US Coast Guard, the small submarine carrying five passengers began its journey on Sunday morning. About an hour and 45 minutes into the dive, the Canadian research vessel, Polar Prince, that it was working with lost contact with the crew.

The sub is thought to be in an area about 900 miles east of Cape Cod.

The Coast Guard warned that the search had been a "challenge" due to the remote location. They also noted that they are racing against the clock as the oxygen onboard diminishes.

"We're doing everything we can do to locate the submersible and rescue those on board,"Rear Admiral John Mauger told reporters. "In terms of the hours, we understood that was 96 hours of emergency capability from the operator, and so we anticipate that there's somewhere between 70 to the full 96 hours available at this point."

As of Tuesday morning, the US Coast Guard searched 10,000 square miles for the missing submersible.

Mauger said the Canadian Coast Guard also sent out sonar buoys capable of detecting the submarine even at the bottom of the ocean.

OceanGate在一份声明中表示,它正在“探索nd mobilizing all options" to bring the crew back safely.

Because of the submarine's remote location, the USCG must rely on Elon Musk's Starlink satellites to communicate at sea.

About the billionaires

The Dubai-based Harding is chairman of Action Aviation. He is no stranger to expensive, death-defying adventures. Last year, he paid to be a passenger aboard Jeff Bezos's Blue Origin rocket. He has also dived the Challenger Deep to a depth of 36,000 feet.

On Saturday, Harding shared a photo of himself on Instagram just before OceanGate's voyage to the Titanic, writing, "Due to the worst winter in Newfoundland in 40 years, this mission is likely to be the first and only manned mission to the Titanic in 2023. A weather window has just opened up and we are going to attempt a dive tomorrow."

His stepson, Brian Szasz, wrote on Facebook earlier today: "Thoughts and prayers for my stepfather Hamish Harding as his Submarine has gone missing exploring Titanic. Search and rescue mission is underway."

Shahzada Dawood, 48, is the vice chairman of Engro Corporation, which makes fertilizers, food, and energy, as well as the Dawood Hercules Corporation, which makes chemicals. He was born in Pakistan but moved to the UK and became a British citizen. He is one of the richest men in Pakistan, according toThe Daily Mail.

He was accompanied on the dive by his teenage son, Suleman Daewood.

About OceanGate

OceanGate made its first successful manned submarine tour of the Titanic's wreckage in 2021. On its website, the company boasts that the 5-passenger Titan submarine can dive over 13,000 feet with the push of one button.

"Titan is lighter in weight and more cost-efficient to mobilize than any other deep diving submersible. A combination of ground-breaking engineering and off-the-shelf technology gives Titan a unique advantage over other deep-diving subs."

The inside of the 22-foot-long submersible is about the size of a minivan. There is one porthole through which passengers can view the wreckage.

Wavy Line
Jonathan Small

Entrepreneur Staff

Editor in Chief of Green Entrepreneur

Jonathan Small is editor-in-chief ofGreen Entrepreneur, a vertical from Entrepreneur Media focused on the intersection of sustainability and business. He is also an award-winning journalist, producer, and podcast host of the upcoming True Crime series, Dirty Money, andWrite About Nowpodcasts. Jonathan is the founder ofStrike Fire Productions, a premium podcast production company. He had held editing positions atGlamour,Stuff,Fitness, andTwistMagazines. His stories have appeared inThe New York Times, TV Guide,Cosmo,Details, andGood Housekeeping. Previously, Jonathan served as VP of Content for the GSN (the Game Show Network), where he produced original digital video series.

Editor's Pick

Lock
A Majority of Workers Despise Annoying Corporate Buzzwords.So Why Do We Keep Using Them?
The Real Reason You Procrastinate andExpert Strategies to Overcoming It
Lock
Queen Latifah Says Female Leaders Must DoThese Four Things If They Want to Succeed
Lock
Want to Make Money as a Freelancer?Avoid This Mistake That Can Cost You Clients.

Related Topics

Real Estate

How to Start Investing in Real Estate With as Little as $5,000

Getting started with real estate investment might be easier than you think.

Marketing

3 Powerful PR Tools Small Businesses Can Use to Soar to New Heights

Discover the key tactics and best practices for leveraging social media, content marketing and paid media in your PR endeavors to catapult your small business to new levels of success.

Living

Save More Than $80 Off These Bamboo Sheets During Our Version of Prime Day

Can't wait for Prime Day? Get this 6-piece set of bamboo sheets for just $27.97.

Money & Finance

The Fake Heiress Who Scammed One of the Richest Men in America

Elizabeth "Betty" Bigley never met a dollar bill she didn't try to steal. Find out if her propensity for pilfering paid off on this week's episode of "Dirty Money."

Starting a Business

How to Be a Personal Concierge

Make every client feel like the most important person in the world with a personal concierge service.