In a major update, the US Coast Guard has said a debris field was discovered within the search area by an remotely operated vehicle (ROV) near the Titanic wreck ... US Coast Guard to give news briefing at 8pm UK time [liveblog]

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UPD

The debris discovered within the search area near the Titanic wreck is from the missing submersible, the US Coast Guard has confirmed.

"The debris is consistent with a catastrophic loss of the pressure chamber. Upon this determination we immediately notified the families", said Rear Admiral John Mauger of the US Coast Guard, who is leading the search for Titan.

...

The owner and operator of the Titan vessel has released a statement saying they believe the five men on board the sub are "sadly lost".

It said: "We now believe that our CEO Stockton Rush, Shahzada Dawood and his son Suleman Dawood, Hamish Harding, and Paul-Henri Nargeolet, have sadly been lost.