"Our entire focus is on the crewmembers in the submersible and their families," OceanGate said in a statement to CBS news.
The company stressed that it was "deeply thankful for the extensive assistance we have received from several government agencies and deep sea companies in our efforts to reestablish contact with the submersible."
The firm did not reveal in its statement how many people were on board the vessel and whether there were any tourists there.
The Boston Coastguard has said that it is undertaking an operation to locate a tourist submarine with an unknown number of people on board for an expedition to view the Titanic wreck after the vessel went missing in the Atlantic Ocean, BBC reported earlier on Monday.
The disappearance of the submersible was reported by the Boston Coast Guard earlier. The bathyscaphe is being used to deliver tourists to the wreckage of the Titanic at the bottom of the Atlantic Ocean. It is currently unclear if any tourists were onboard.
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