Updated: The U.S. Coast Guard has located “likely human remains” from the Titan submersible, and will be transporting the evidence back to the United States, the Associated Press said Wednesday.

All five members of the missing Titan submarine are believed to be dead, the company OceanGate said in a statement on June 22.

“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,” OceanGate said in a statement. “These men were true explorers who shared a distinct spirit of adventure, and a deep passion for exploring and protecting the world’s oceans. Our hearts are with these five souls and every member of their families during this tragic time. We grieve the loss of life and joy they brought to everyone they knew.”

The vessel, known as the Titan, was created by OceanGate Inc. to transport five...