The Titanic was a British passenger vessel owned by the White Star Line, notable for being one of the largest ships of its time with advanced amenities. It sank on April 15, 1912, after hitting an iceberg, due to a lack of sufficient lifeboats and poor decision-making regarding its speed despite iceberg warnings. The disaster resulted in the ship breaking into two as it sank, with the bow eventually resting approximately 3 kilometers down in the Atlantic Ocean.