investorschatroom.com

People

Search for MH370 continues, to cost between RM82m to RM280m if found

Share
Vietnamese military personnel prepare a helicopter for a search and rescue mission for the missing Malaysia Airlines flight MH370 off Vietnam's southern coastline

At a press conference following a signing ceremony between Malaysia's Ministry of Transport and USA firm Ocean Infinity, Malaysia's Transport Minister Liow Tiong Lai said the search operation will be at an area of 25,000 square km within the priority search area in Southern Indian Ocean based on a "no cure, no fee" basis within a 90-day timeframe.

The governments of Malaysia, China and Australia called off the almost three-year official search last January.

He also thanked the Malaysian government for not giving up hope of finding the missing jetliner and continuously offering support as well as information regarding MH370.

Meanwhile, Ocean Infinity chief executive officer Oliver Plunkett said the firm is deploying eight autonomous underwater vehicles for the search, which can roughly cover 1,200 square kilometres per day.

Malaysia's government said Saturday that it has approved a new attempt by a private company to find the wreckage of Malaysia Airlines Flight 370, almost four years after its disappearance sparked one of aviation's biggest mysteries. A search mission that was suspended on January 17, 2017. unsuccessfully combed an area of 120,000 square kilometers in the Indian Ocean for the remains of the plane.

Thirteen people killed in Montecito mudslides
The road is closed from Milpas Street in Santa Barbara at the north end to the junction with State Route 126 in Ventura. Mudslides unleashed by a ferocious storm demolished homes in southern California , authorities said Tuesday.

Ohio Department of Health reports state's first pediatric flu death of season
In its advisory, the government has said that H1N1 is also a type of Seasonal Influenza and is a self- limiting viral disease. The flu is a contagious respiratory illness caused by influenza viruses that infect the nose, throat and sometimes the lungs.

Oil Prices Hit Three-Year Highs on Growth, Geopolitics
The agreement, which was implemented at the start of 2017, was meant to rein in the global supply glut and raise prices. West Texas Intermediate (WTI) crude futures had risen to US$61.67 a barrel by 9:22 a.m.

The Malaysian government agreed to a deal with the seabed exploration company under a "no cure, no fee" structure, according to which the company will be paid only if the aircraft is found.

The only positive clue so far about the plane's disappearance came when debris washed up on the shores of islands in the Indian Ocean. Now it's back to four years ago where we have to wait everyday (to find out) whether debris can be found, ' said Shin Kok Chau, whose wife Tan Ser Kuin was a flight attendant on MH370.

Missing flight MH370 disappeared with 239 people on board on March 8, 2014, while flying from Kuala Lumpur to Beijing after diverting from its flight path.

The Norwegian research vessel known as the Seabed Constructor is already on its way to the area identified by the Australian Transport Safety Bureau and Commonwealth Scientific and Industrial Research Organisation (CSIRO) as the most likely crash site.

Malaysian Minister of Transport, Liow Tiong Lai, center, speaks during the signing ceremony of the MH370 missing plane search operations between Malaysian government and Ocean Infinity Limited in Putrajaya, Malaysia, Wednesday, Jan. 10, 2018.

Share