Malaysia says spent $8.6 million on search for MH370

Posted by Joseph Keefe
Monday, June 09, 2014

Malaysia has spent a total of 27.6 million ringgit ($8.6 million) so far on the search for the missing Malaysia Airlines Flight MH370, authorities said on Monday, giving a specific cost figure for the first time.

"The figure of 27.6 million ringgit was only the sum spent by Malaysian agencies, we do not know how much other countries spent," Department of Civil Aviation chief Azharuddin Abdul Rahman told a news conference, saying he was unsure of the cost breakdown.

The search for MH370, which disappeared carrying 239 passengers and crew on March 8, is already set to be the most costly in aviation history and spending will rise significantly as the search expands to a wider swathe of the Indian Ocean off Australia. Experts have suggested the cost of searching for the missing jetliner could reach hundreds of millions of dollars.

The search has been dealt setbacks, most recently when Australian officials said last last month that wreckage from the aircraft was not on the seabed in the area they had identified, based on acoustic pings thought to be from the plane's black box recorders.

Azharuddin said Malaysian officials would travel to Australia on Tuesday and China later this week to discuss the latest analysis of satellite and other data being used to refine the new search area. About two-thirds of the passengers were Chinese nationals.

Asked where the new search area would be, Azharuddin said he did not know but that it "will not be very far away from where the search is now".

"The Australian and Malaysian investigators have done their analysis and are in the process of exchanging notes with Inmarsat," he said, referring to the British satellite firm whose analysis of signals from the plane is the basis for the current search area.

A Wall Street Journal report on Sunday cited sources as saying investigators were revising some of their basic assumptions about the plane's last position and could make an announcement on the new search area by mid-June.

The search area has already been extended to a 60,000 sq km (23,000 sq mile) zone that is being surveyed by a Chinese vessel. It will then be searched by a commercial operator in a mission expected to start in August and take up to a year, at a cost of A$60 million ($55 million) or more.

Officials are opening the search operations to bids by private firms. Malaysia's deputy defence minister, Abdul Rahim Bakri, said those costs would be shared equally by Malaysia and Australia. ($1 = 3.1985 ringgit)


By Trinna Leong

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

Imabari to Construct Newbuilding Dry Dock

In order to accommodate construction of Ultra-Large newbuilding vessels including recently secured 20,000TEU Mega container ships (about 400m in length and about 59m breadth),

31 ARENA Projects Completed

ARENA has invested $1 billion in more than 230 projects, fellowships and scholarships that are paving the way for a more diverse energy future for Australia.

Gazprom, OMV Ink Additional Deal

Vienna hosted today the signing of an Addendum to the existing contract for gas supply to Austria between Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Gerhard Roiss,

Finance

Gazprom, OMV Ink Additional Deal

Vienna hosted today the signing of an Addendum to the existing contract for gas supply to Austria between Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Gerhard Roiss,

Strategic Sale of Braemar's H.O.

On 27 January 2015 Braemar Shipping Services Plc exchanged contracts for the sale of our leasehold interest in our Marylebone corporate headquarters to Greenhouse

31st Edition of Cruise Shipping Miami

Cruise Shipping Miami 2015 is gearing up to offer the most comprehensive and robust roster of panel discussions featuring the industry's most knowledgeable and experienced executives.

Casualties

Maintenance Woes Led to Digby Ferry Grounding

Maintenance deficiencies and inadequate emergency procedures led to November 2013 grounding of Princess of Acadia in Digby, Nova Scotia    Maintenance deficiencies

Dozens Missing off Bangladesh after Boat Sinks

About 40 illegal migrants heading from Bangladesh to Malaysia to look for work were missing on Thursday after their boat sank, police said. A steady stream of

USCG Rescue 2 on Bahamian Island

Two stranded men are safe after the Coast Guard rescued them off an Island in the Bahamas Tuesday afternoon. Coast Guard 7th District watchstanders received

Eye on the Navy

SECNAV Completes Visit to Paraguay

Secretary of the Navy (SECNAV) Ray Mabus completed a visit to Paraguay Jan. 29 during which he met with Republic of Paraguay President Horacio Cartes to discuss

Australia Gives Landing Craft to the Philippines

The Australian Government will gift two recently-decommissioned Landing Craft Heavy vessels, including a package of spare parts, to the Philippines Government,

Dozens Missing off Bangladesh after Boat Sinks

About 40 illegal migrants heading from Bangladesh to Malaysia to look for work were missing on Thursday after their boat sank, police said. A steady stream of

Government Update

Lerwick Harbor sees Positive Outlook

Lerwick's importance as a gateway for Shetland’s communities and industries is underlined by an increase in passenger traffic, cargo handled and fish landed in 2014.

Bill Proposed to Repay WWII Merchant Mariners

Congresswoman Janice Hahn (Calif.) and Congressman John Duncan Jr. (Tenn.) introduced the “Honoring Our WWII Merchant Mariners Act of 2015,” which would provide

Dozens Missing off Bangladesh after Boat Sinks

About 40 illegal migrants heading from Bangladesh to Malaysia to look for work were missing on Thursday after their boat sank, police said. A steady stream of

Insurance

A HERO on the Seas

The expansion of the Panama Canal has opened up an opportunity for WWL to develop its next generation RoRo carriers. Due to its importance to international trade,

ZIM Launches Monitoring and Tracking Service

ZIM integrated shipping services has announced the launching of a new monitoring, tracking and security services package, specifically designed for valuable and

Oil Tankers are Front Line of Libya's Struggles

Crew members killed in tanker attack this month; West fears worsening violence could lead to civil war. Oil shippers face higher costs and the possible loss of insurance cover on Libyan voyages,

P&I Clubs

Shell Eyes Arctic Drilling this Summer

Oil major Shell wants to revive its Arctic oil drilling programme this year after a near two-year suspension, angering environmentalists who say the risk of an oil spill is too high.

ZIM Launches Monitoring and Tracking Service

ZIM integrated shipping services has announced the launching of a new monitoring, tracking and security services package, specifically designed for valuable and

Oil Tankers are Front Line of Libya's Struggles

Crew members killed in tanker attack this month; West fears worsening violence could lead to civil war. Oil shippers face higher costs and the possible loss of insurance cover on Libyan voyages,

Subsea Salvage

Indonesia Joins Spain, Italy in Maritime Development Plan

Indonesia to have full cooperation in maritime infrastructure development from European countries Spain and Italy, says a report in Jakarta Post.  Spanish Ambassador

Fugitive Treasure Hunter Arrested in Florida

An Ohio man who recovered as much as $400 million in gold from a shipwreck has been arrested in Florida after two years on the run and was scheduled to appear in federal court on Wednesday.

ASA Mission Statement Revised to Expand Reach

The American Salvage Association has revised its mission statement to increase its area of influence beyond North America, complemented by a new logo that reflects the expanded direction.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Pipelines Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2936 sec (3 req/sec)