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 September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

Yara Reports Strong 3Q Results

Yara International ASA delivered strong third-quarter results, with record fertilizer deliveries and continued margin benefit from lower European gas price. "Yara

Bright Outlook for BWM Convention

The Danish Maritime Authority informed that the Ballast Water Management Convention is now one step closer to ratification following last week’s meeting of United

Court Dismisses Boating Industry’s Challenge to EPA Misfueling Rule

The National Marine Manufacturers Association (NMMA) said it is disappointed with the U.S. Court of Appeals decision released on Tuesday, October 21, 2014 for the D.

Finance

Wärtsilä Expects 5% Sales Growth

Wärtsilä announced its third quarter results, reporting that it sees good development in order intake and profitability. According to Wärtsilä, third quarter

Yara Reports Strong 3Q Results

Yara International ASA delivered strong third-quarter results, with record fertilizer deliveries and continued margin benefit from lower European gas price. "Yara

Lerwick Port Awards £16.5 mi Expansion Contract

Lerwick Port Authority has awarded a construction contract for the latest expansion of the harbour’s facilities in a project costing a total of £16.5 million

Casualties

Documentary Examines Shipbreaking Practices in Bangladesh

Toxic ships for Bangladesh: TV documentary on German ship owners and their shipbreaking practices A new documentary titled "Giftiger Tankerschrott für Bangladesch

Pemex Suspends Eviction of Workers in Campeche

Due to the behavior shown by the low pressure system in the Gulf of Mexico, whose career was diverted in the last hours, the Technical Analysis Group Emergency

Boater Rescued from Sailboat Blaze

The U.S. Coast Guard assisted with the rescue of a boater Monday after the man's 33-foot sailboat caught fire five miles west of Windmill Point in the Chesapeake Bay.

Eye on the Navy

Chief of Naval Personnel Visits Naval Special Warfare

Chief of Naval Personnel (CNP) Vice Adm. Bill Moran visited Naval Special Warfare (NSW) Sailors during an all hands call on Joint Expeditionary Base Little Creek-Fort Story, Oct.

US Navy Christens Future USS Detroit

The U.S. Navy christened the future USS Detroit (LCS 7), the fourth Littoral Combat Ship of the Freedom variant, in a ceremony at Marinette Marine Shipyard in Marinette, Wisconsin, Oct.

US Navy Orders Demonstration Craft from Willard Marine

Willard Marine, Inc. (WMI) announced it has been selected through a solicitation process to supply a demonstration model of a new, advanced combatant craft for the U.

Government Update

Bright Outlook for BWM Convention

The Danish Maritime Authority informed that the Ballast Water Management Convention is now one step closer to ratification following last week’s meeting of United

Chief of Naval Personnel Visits Naval Special Warfare

Chief of Naval Personnel (CNP) Vice Adm. Bill Moran visited Naval Special Warfare (NSW) Sailors during an all hands call on Joint Expeditionary Base Little Creek-Fort Story, Oct.

PDVSA Charters Another Algerian Crude Cargo

Venezuela's state-run oil company PDVSA has hired a supertanker to load a second 2 million-barrel cargo of Algerian crude, according to preliminary tanker fixture data.

Subsea Salvage

Nordic Wins with Noble

Nordic Maritime, a leading offshore service operator, today announced a five year time charter for its DP2 IMR Subsea vessel, Mokul Nordic, which has been awarded by Noble Energy,

WWII Wrecks Found 30 Miles off US Coast

The wreck of a World War Two German U-boat and a freighter that sank 72 years ago have been discovered off the North Carolina coast by U.S. researchers, officials said.

Sunken Barge Salvage Stops Traffic on Chicago River

The U.S. Coast Guard said it is restricting vessel traffic on the Chicago River to allow for salvage of a sunken barge. All cargo has been removed from the sunken

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Port Authority Salvage Ship Electronics Ship Repair Ship Simulators
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: 0.1555 sec (6 req/sec)