A review of the history of navigation prior to the turn of the 20th century shows an impressive number of casualties occurred in the vicinity of the Grand Banks of Newfoundland.
On her maiden voyage from Southampton, England bound for New York, Titanic collided with an iceberg just south of the tail of the Grand Banks and sank in less than three hours.
Titanic, the brand new flagship of the White Star Line, was the largest passenger liner of her time displacing 45,000 tons and capable of sustained speed in excess of 22 knots (41 km/h).
The sheer dimensions of the Titanic disaster created sufficient public reaction on both sides of the Atlantic to prod reluctant governments into action, producing the first Safety of Life at Sea (SOLAS) convention in 1914.
At the first International Conference on the Safety of Life at Sea, which was convened in London on 12 November 1913, the subject of patrolling the ice regions was thoroughly discussed.
Due primarily to the experience gained in 1912 and 1913, the United States Government was invited to undertake the management of the triple service, the expense to be defrayed by the 13 nations interested in trans-Atlantic navigation.
With only minor changes, this remains today as the basic Coast Guard authority to operate the International Ice Patrol.
Every year since 1914, the United States Coast Guard and the International Ice Patrol lay a wreath from a ship or an aircraft at the site of the Titanic disaster on 15 April.
Due to changing operational commitments and financial constraints the Coast Guard Argentia Air Detachment closed in 1966.