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Cameron criticized OceanGate's choice of a carbon-fiber hull, considering it "fundamentally flawed." 

In his view, this flaw mirrored the decision-making of the 1912 Titanic captain, who ignored warnings and steamed at full speed into an ice field. 

Cameron expressed his disbelief at the tragedy and mourned the loss of Paul-Henri Nargeolet, a friend and one of the passengers who perished.

Coast Guard officials reported the discovery of debris consistent with a "catastrophic loss of the pressure chamber." 

A remote-operated vehicle located the tail cone of the submersible about 1,600 feet from the Titanic's bow. The recovery of additional debris, including the nose cone, further supported the assessment of an explosive ending for the sub.

 Rear Adm. John Mauger emphasized the harsh and unforgiving nature of the deep-sea environment.

OceanGate issues statement

OceanGate issued a statement confirming the heartbreaking loss of all five individuals aboard the submersible.

"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," OceanGate said in a statement.

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