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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Baltic Index Falls on Weaker Demand

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday as demand for larger vessel segments declined.

China Shipbuilding Plans Major Restructuring

State-owned China Shipbuilding Industry Corp (CSIC) is undertaking a major restructuring as it grapples with an industry downturn, and it will be the largest restructuring

DSME Reveals Additional Self-Restructuring Plan

South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has  revealed an additional self-restructuring plan amid the falling shipbuilding orders.

Casualties

Bulker Loses Propulsion off California

The U.S. Coast Guard is monitoring a 587-foot bulk carrier Ultra Lascar after the ship lost propulsion at 10:20 a.m., approximately five miles offshore from Daly City, Calif.

Cyclone Roanu kills 21 in Bangladesh

A cyclone battered coastal Bangladesh on Saturday, killing at least 21 people and injuring many more, but has now weakened into a depression that the weather office

Human Remains and Belongings Found from Plane Crash at Sea

Egypt said on Friday its navy had found human remains, wreckage and the personal belongings of passengers floating in the Mediterranean, confirmation that an EgyptAir

Eye on the Navy

HII Secures Aircraft Carrier Planning Contract

Huntington Ingalls Industries (HII) was awarded a $152 million contract for advance planning for the construction of the third aircraft carrier in the Gerald R.

Ingalls Christens Amphibious Transport Dock Portland

Ingalls Shipbuilding, a division of Huntington Ingalls Industries (HII), christened the amphibious transport dock Portland (LPD 27) on May 21 in front of approximately 1,000 guests.

This Day In Naval History: May 23

1850 - USS Advance and USS Rescue sail from New York in a failed attempt to rescue Sir John Franklins Expedition, lost in the Arctic since 1847. Caught in the ice and after tremendous hardship,

Government Update

Japan, Canada Share "Serious Concerns" on South China Sea-PM Abe

Japan and Canada share "serious concerns" over reclamation and militarisation in the South China Sea, Japanese Prime Minister Shinzo Abe said on Tuesday, in an

Atlantic Hurricane Season Could be More Active

The Atlantic Ocean could be gearing up for an active hurricane season, meaning North American residents may want to pay attention. In recent years, single hurricanes

Mumbai Port to Revamp Int'l Cruise Terminal

Indian Merchants’ Chamber provides a platform to urban developers to address various issues pertaining to the restructuring of Mumbai City Mumbai, May 23, 2016:

Insurance

Towing Vessel Inspection Bureau Elects New Leaders

Towing Vessel Inspection Bureau Holds Annual Membership Meeting; Elects New Leadership and Votes to Proceed with a Third Party Organization Application to the Coast

NTSB Determines Faults Leading to Fatal Collision

In examining the deadly collision of tugboat/barge Caribbean Sea/The Resource with Amphibious Passenger Vehicle DUKW 34, the U.S. National Transportation Safety

London P&I Club Reports Increased Free Reserves

The London P&I Club’s result for the 2015/2016 financial year produced an overall operating surplus of $3.3 million, lifting the free reserve to $160.7 million.

Subsea Salvage

Aquabotix Debuts Mini Inspection Class ROV - The Endura

Aquabotix, a marine technology company delivering the accessibility of today’s electronics products to underwater ROVs, announces the immediate availability of the Endura.

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | 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: 0.1087 sec (9 req/sec)