Malaysia has agreed to terms with exploration firm Ocean Infinity to restart the search for the missing Malaysia Airlines flight MH370 wreckage, its transport minister said on Wednesday.
The agreement will initiate seabed search operations in a new area of about 15,000 square kilometers in the southern Indian Ocean, following a "no find, no fee" principle. Under the deal, Ocean Infinity will receive $70 million if the wreckage is successfully located.
“The government is committed to continuing the search operation and providing closure for the families of the MH370 passengers,” said Minister Loke Siew Fook in a statement.
The deal follows an earlier in-principle agreement reached in December with Ocean Infinity, the firm that conducted the previous search efforts that ended in 2018 after two unsuccessful attempts. That search was conducted in a 120,000 square kilometer area based on Inmarsat satellite data, involving Malaysia, Australia, and China.
A ship was deployed to the Indian Ocean search zone late last month, even before the finalization of the deal. Although the duration of the new contract has not been confirmed, Loke previously indicated it would cover an 18‑month period.
The renewed effort marks a significant step in the long-standing quest to solve one of aviation’s greatest mysteries—the disappearance of MH370 in 2014 while en route from Kuala Lumpur to Beijing.
South Korea and Malaysia agreed to expand bilateral cooperation, including efforts to finalize a free trade agreement, during a phone call between their leaders, local media reported.
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Malaysia’s parliament held a special session on Monday to discuss the impact of tariffs imposed by the United States, as the government considers potential economic repercussions and policy responses.
Moments ago, Iran launched missiles at Qatar. Explosions have been heard in Doha and across the country.
Gulf states and Iraq remain on high alert amid fears of Iranian retaliation following recent U.S. airstrikes.
Oil prices dropped 1% on Monday after hitting five-month highs, as markets assessed the impact of U.S. strikes on Iran and potential risks to oil transit through the Strait of Hormuz.
An Azerbaijani delegation attended the opening ceremony of the 30th Shanghai Television Festival, one of Asia’s most prestigious media events, held in China’s Shanghai city on June 23.
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Moments ago, Iran launched missiles at Qatar. Explosions have been heard in Doha and across the country.
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A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
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Gulf states and Iraq remain on high alert amid fears of Iranian retaliation following recent U.S. airstrikes.
Oil prices dropped 1% on Monday after hitting five-month highs, as markets assessed the impact of U.S. strikes on Iran and potential risks to oil transit through the Strait of Hormuz.
Ukrainian President Volodymyr Zelenskyy met King Charles at Windsor Castle on Monday during a short visit to the UK aimed at strengthening defense ties and increasing pressure on Russia.
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Following U.S. military strikes on Iran, at least two supertankers reversed course near the Strait of Hormuz, reflecting heightened fears of disruption in one of the world’s most vital oil shipping lanes.
Moments ago, Iran launched missiles at Qatar. Explosions have been heard in Doha and across the country.
Gulf states and Iraq remain on high alert amid fears of Iranian retaliation following recent U.S. airstrikes.
Oil prices dropped 1% on Monday after hitting five-month highs, as markets assessed the impact of U.S. strikes on Iran and potential risks to oil transit through the Strait of Hormuz.
An Azerbaijani delegation attended the opening ceremony of the 30th Shanghai Television Festival, one of Asia’s most prestigious media events, held in China’s Shanghai city on June 23.
Ukrainian President Volodymyr Zelenskyy met King Charles at Windsor Castle on Monday during a short visit to the UK aimed at strengthening defense ties and increasing pressure on Russia.
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