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Titan sub: crew have died after catastrophic loss of pressure chamber, US Coast Guard confirms
(www.theguardian.com)
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Is the general thought that the banging noises was the vessel imploding...?
Unlikely, implosion makes a very different sound. It could be almost anything. Might have been parts of the wreckage getting moved around by currents and knocking together, might have been some undersea life bumping into the wreck of the Titanic, might have been completely unrelated.