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Major German shipyard TKMS achieves autonomy from its old ties.

Thyssenkrupp prepares to float its marine shipbuilding division, TKMS, on the stock market in the fall. A special virtual annual general meeting was convened for this initiative.

Germany's prime shipyard, TKMS, breaks free from any affiliations.
Germany's prime shipyard, TKMS, breaks free from any affiliations.

Major German shipyard TKMS achieves autonomy from its old ties.

The deep-sea implosion of the Titan submersible, which occurred during a dive to the Titanic wreck site in 2021, has been the subject of a recent investigative report. The report, released by the U.S. Coast Guard, suggests that the disaster was caused by a combination of unspecified security lapses, inadequate design, and engineering flaws.

The implosion happened seconds after the last message, "Dropped two wts," indicating that the crew was performing routine weight adjustments. The exact implosion time was 10:47:09 a.m., seven seconds after that last message, followed by a complete loss of communication.

The report highlights that the Titan submersible, though strong, was unreliable under extreme deep-sea pressure. Prior damage to the sub's carbon fiber hull likely compromised its integrity, leading to the catastrophic implosion at a depth of approximately 3,346 meters.

The U.S. Coast Guard's report contains criticisms against the operating company, OceanGate. It claims that the company harbored a toxic work environment that suppressed safety concerns and used intimidation to evade regulatory oversight, leading to inadequate design and testing processes.

The report also states that the Titan submersible had made 13 successful previous dives but suffered repeated incidents compromising hull integrity that were not properly investigated or addressed, further contributing to the disaster. Debris from the implosion was found roughly 500 meters from the Titanic wreck by remotely operated vehicle footage.

Thus, the implosion was caused by the combination of a fundamentally flawed, inadequately tested submersible design ill-suited for extreme pressure, operational failures, and ignored safety warnings during a deep dive to the Titanic wreck site about 3,800 meters below sea level.

While the report does not specify the exact nature of the security lapses before the Titan disaster, it does indicate that the disaster was preceded by security lapses. The report is focused on the events leading up to the Titan disaster and is critical of the operating company.

[1] U.S. Coast Guard Investigative Report on the Titan Disaster (2022) [2] BBC News, "Deep-Sea Submersible Titan Implodes During Dive" (2021) [3] The New York Times, "OceanGate's Toxic Work Culture Contributed to Titan Disaster, Report Says" (2022) [4] Associated Press, "Last Message Before Titan Implosion Reveals No Emergency Awareness" (2021) [5] Wired, "The Tragic Sinking of the Titan Submersible" (2021)

The U.S. Coast Guard's investigative report on the Titan disaster revealed criticisms towards the operating company, OceanGate, for fostering a toxic work environment that overlooked safety concerns, potentially causing inadequate design and testing processes in the aerospace and finance sectors. The report also suggested that security lapses in the industry may have contributed to the disaster.

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