The U.S. Coast Guard announced via Twitter early Thursday that a remotely operated vehicle (ROV) deployed by the Canadian vessel Horizon Arctic has reached the sea floor, beginning its search for the missing submersible.

Meanwhile, the French vessel L'Atalante is preparing its ROV to enter the water in the search area, the U.S. Coast Guard said.

Time is running out as rescuers race to locate and save five people trapped in a submersible that vanished during a tour of the Titanic wreckage on Sunday morning.

The deep-sea vessel submerged at 8 a.m. ET on Sunday with a 96-hour oxygen supply, according to the U.S. Coast Guard. That amount of breathable air is forecast to run out on Thursday morning.

The search and rescue mission remains ongoing.

The New York Times traced the lineage of Wendy Rush, wife of missing OceanGate CEO Stockton Rush, and found that she's the great-great-granddaughter of a couple who died on the Titanic, Isidor and Ida Straus.

The executive director of the Straus Historical Society told ABC News that The Times article, which cites archival records, is largely correct with regard to Wendy Weil Rush's heritage.

-ABC News' Nic Uff

A U.S. Navy portable crane system capable of bringing up items from as deep as 20,000 feet has arrived in St. John's, Newfoundland, but is waiting to be welded onto a chartered ship to take it to the search area for the missing submersible, according to a U.S. Navy official.

The Navy has not yet contracted a ship for the salvage system, known as Fly Away Deep Ocean Salvage System or FADOSS, the official told reporters Wednesday. Once the ship is contracted, Navy teams will spend approximately 24 hours working around the clock to weld the system aboard the ship before it can leave port, the official said.

FADOSS is the salvage system the U.S. Navy uses for all of its deep-water recoveries. Last year, it was able to bring up an F/A-18 aircraft that had fallen into the waters of the Mediterranean Sea.

-ABC News' Luis Martinez

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