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

OceanGate co-founder Guillermo Söhnlein is coming to the defense of late CEO Stockton Rush, one of those killed in the implosion of Titan, after criticism from director James Cameron, and others, who said the sub's carbon-fiber hull was dangerous.

"In this kind of community, there are completely different opinions and views about how to do things, how to design submersibles, how to engineer them, build them, how to operate in the dives," Söhnlein told the U.K.'s Times Radio on Friday. "But one thing that’s true of me and the other experts, is none of us were involved in the design, engineering, building, testing or even diving of the subs. So it’s impossible for anyone to really speculate from the outside."

Söhnlein co-founded OceanGate in 2009 with Rush and led several dives in the early days of the company. He left OceanGate in 2013, when Rush took over as CEO, but maintained a friendship and spoke to Rush just weeks before the doomed expedition, he said on Facebook.

Cameron, who not only directed the Oscar-winning film "Titanic" but is a prolific ocean explorer, criticized the use of a carbon-fiber hull in the construction of Titan, saying it was only a matter of time before it cracked under the pressure from repeated dives. Rush, in the past, defended its use, saying it had a better strength-to-buoyancy ratio than titanium.

"I was involved in the early phases of the overall development program during our predecessor subs to Titan, and I know from firsthand experience that we were extremely committed to safety and risk mitigation was a key part of the company culture," Söhnlein told Times Radio Friday.