A billionaire father and son have been named among the five people on board the missing submarine that disappeared on Sunday while heading to view the wreckage of the Titanic.

Pakistani businessman Shahzada Dawood and his son Suleman Dawood were both "on a journey to visit the remnants of the Titanic in the Atlantic Ocean" when the vessel went missing, their family said in a statement to the BBC. "As of now, contact has been lost with their submersible craft and there is limited information available."

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Billionaire Father and Son Go Missing A Submarine Ride To The 'Titanic' Wreckage Site | PEOPLE