The US Coast Guard has confirmed the five passengers onboard the Titan submersible are dead after a “catastrophic implosion” of the vessel.

Two debris fields of the tourist submersible were discovered less than 500 metres from the Titanic wreckage.

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The US Coast Guard, during a press conference on Thursday, says the wreckage of a the missing submersible which took tourists to the site of the Titanic’s final resting place has been found. Officials believe there were no survivors.

The five passengers on board are believed to be dead.