Missing Titanic submersible live updates: Texts show OceanGate CEO dismissed concerns

The Hussain and Kulsum Dawood family has issued a statement expressing their condolences.

"It is with profound grief that we announced the passing of Shahzada and Suleman Dawood," the family said. "Our beloved sons were aboard OceanGate's Titan submersible that perished underwater. Please continue to keep the departed souls and our family in your prayers during this difficult period of mourning."

"We are truly grateful to all those involved in the rescue operations," they continued. "Their untiring efforts were a source of strength for us during this time. We are also indebted to our friends, family, colleagues and well-wishers from all over the world who have stood by us during our hour of need. The immense love and support we receive continues to help us endure this unimaginable loss."

"We extend our heartfelt condolences to the families of the other passengers on the Titan submersible," the family added. "At this time, we are unable to receive calls and request that support, condolences and prayers be messaged instead. Details of their final rites in this world will be announced soon."

-ABC News' Habibullah Khan

Engro, the company sub passenger Shahzada Dawood worked as the vice chairman, offered its condolences for both Dawood and his son, Suleman Dawood, on Thursday.

"With heavy hearts and great sadness, we grieve the loss of our vice chairman, Shahzada Dawood, and his beloved son, Suleman Dawood," the company said in the message. "Our thoughts and prayers are with the Dawood family at this tragic time."

"We extend our heartfelt condolences to the family, colleagues, friends and all those around the world who grieve this unthinkable loss," it added.

-ABC News' Habibullah Khan

The submersible that catastrophically imploded while on a voyage to see the Titanic wreckage has highlighted a high-risk, experimental and exclusive tourism opportunity to see what is largely considered to be the most famous shipwreck of all time.

The doomed ocean liner has intrigued the public from the moment it tragically crashed into an iceberg in the Atlantic Ocean and sank on April 15, 1912 -- as well as throughout the century-plus since.

Visits to the underwater site have been conducted in recent decades to retrieve artifacts, study the Titanic's gradual decay and simply lay eyes on the storied shipwreck, which has inspired a wealth of novels, plays, TV shows and films.

"The Titanic has basically been in popular culture since the night it sank," Robert Thompson, founding director of the Bleier Center for Television and Popular Culture at Syracuse University, told ABC News.

Read more about the Titanic's long intrigue here.

The company behind the submersible that imploded exaggerated the details of the industry partnerships behind the development and engineering of the underwater vessel.

In some public statements, OceanGate suggested the Titan -- its only vessel able to reach Titanic depths -- was designed and engineered with the assistance of entities such as Boeing, the University of Washington and the National Aeronautics and Space Administration. In statements to ABC News, each entity described its role, or lack thereof, as more limited than sometimes stated by OceanGate.

When asked about these exaggerations about the role of partnerships in the development of the Titan submersible, an OceanGate representative declined to comment on the matter.

Read more here.

-ABC News' Peter Charalambous