Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking and Finance Review - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Malaysia yet to finalise MH370 search contract, as ship heads to new zone
    Headlines

    Malaysia yet to finalise MH370 search contract, as ship heads to new zone

    Published by Global Banking and Finance Review

    Posted on February 26, 2025

    4 min read

    Last updated: January 25, 2026

    Malaysia yet to finalise MH370 search contract, as ship heads to new zone - Headlines news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:CompensationSurveyinsurancefinancial communityinvestment

    Quick Summary

    Malaysia has not finalized the MH370 search contract as Ocean Infinity ships move to a new zone, aiming to solve the aviation mystery.

    Malaysia Delays Finalization of MH370 Search Contract

    KUALA LUMPUR (Reuters) - A ship that will hunt for missing Malaysia Airlines Flight MH370 has deployed to its Indian Ocean search zone, according to Malaysia's transport minister and ship tracking data, raising hopes of solving one of aviation's greatest mysteries.

    In December, Malaysia agreed to resume the search for the Boeing 777 that was carrying 227 passengers and 12 crew when it vanished en route from Kuala Lumpur to Beijing on March 8, 2014.    

    Malaysia has not yet signed off on the contract to search the seabed for wreckage, however, casting uncertainty over whether a search has begun.

    Contacted by Reuters, U.S. exploration firm Ocean Infinity, which conducted the last search for the plane that ended in 2018, said it had no information to provide at this stage.

    Malaysia had not yet signed the contract with Ocean Infinity, Transport Minister Anthony Loke said on Tuesday, but he welcomed the company's "proactiveness" to deploy its ships to that area to begin the search.

    "Since Ocean Infinity already started to mobilise their ships, of course we welcome it because we have given the principle approval for the search to resume and just need to finalise the contract," Loke told a press conference.  

    The search would not be open-ended, however, he warned.

    "It is not indefinite; there is a certain timeframe given for the contract. These are the details that we need to finalise before we sign," Loke added.

    Refinitiv ship tracking data shows one of Ocean Infinity's ships, Armada 78 06, began tracking on Sunday a part of the Southern Indian Ocean, about 2,000 km (1,200 miles) off Australia's west coast.

    Ocean Infinity's proposal to resume the search will see it expand the previous search area by 15,000 sq km (5,790 sq miles) in an effort lasting 18 months, with the period from January to April offering the best window, Malaysia said in December. 

    No precise location of the new search area was given at the time.

    Ocean Infinity was "very confident that the current search area is more credible ... This is the area that they have missed in the past," Loke added.

    DECADE-LONG HUNT

    Malaysia engaged Ocean Infinity in 2018 to search in the southern Indian Ocean, but two attempts failed.

    They followed an underwater search by Australia, China and Malaysia over an area of 120,000 sq km (46,332 sq mile) of the southern Indian Ocean, based on records of automatic connections between an Inmarsat satellite and the aircraft.

    MH370's last transmission was about 40 minutes after it took off from Kuala Lumpur for the Chinese capital. The pilots signed off as the plane entered Vietnamese air space over the Gulf of Thailand and soon after its transponder was turned off.

    Military radar showed the plane left its flight path to fly back over northern Malaysia and then out into the Andaman Sea before turning south, when all contact was lost.

    Debris, some confirmed and some believed to be from the aircraft, has since washed up along the coast of Africa and on islands in the Indian Ocean.

    Victims' relatives have demanded compensation from Malaysia Airlines, Boeing, aircraft engine maker Rolls-Royce and the Allianz insurance group, among others.

    A 495-page report into the disappearance in 2018 said the Boeing 777's controls were probably deliberately manipulated to go off course, but investigators could not determine who was responsible and stopped short of offering a conclusion on what happened, saying that depended on finding the wreckage.

    Investigators have said there was nothing suspicious in the background, financial affairs, training and mental health of both the captain and co-pilot.

    (Reporting by Lisa Barrington and Danial Azhar; Editing by Clarence Fernandez)

    Key Takeaways

    • •Malaysia has not finalized the MH370 search contract.
    • •Ocean Infinity ships are heading to a new search zone.
    • •The search area will expand by 15,000 sq km.
    • •The search is not open-ended and has a timeframe.
    • •Debris from MH370 has washed up along African coasts.

    Frequently Asked Questions about Malaysia yet to finalise MH370 search contract, as ship heads to new zone

    1What is the main topic?

    The article discusses Malaysia's delay in finalizing the MH370 search contract while Ocean Infinity ships proceed to a new search zone.

    2What is the new search area?

    The new search area expands by 15,000 sq km in the Southern Indian Ocean.

    3Who is conducting the search?

    U.S. exploration firm Ocean Infinity is conducting the search for MH370.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Queen's University Belfast cuts ties with US politician Mitchell over Epstein files
    Queen's University Belfast cuts ties with US politician Mitchell over Epstein files
    Image for UK police review reports of alleged misconduct by Mandelson after Epstein files release
    UK police review reports of alleged misconduct by Mandelson after Epstein files release
    Image for Russia says foreign forces in Ukraine would be 'legitimate targets'
    Russia says foreign forces in Ukraine would be 'legitimate targets'
    Image for Swiss National Bank Chairman says current situation not easy for policy
    Swiss National Bank Chairman says current situation not easy for policy
    Image for Recycling body opposes EU scrap aluminium export curbs
    Recycling body opposes EU scrap aluminium export curbs
    Image for Czech leader urges EU to overhaul carbon trading schemes to curb energy costs
    Czech leader urges EU to overhaul carbon trading schemes to curb energy costs
    Image for US cuts tariffs on India to 18%, India agrees to end Russian oil purchases
    US cuts tariffs on India to 18%, India agrees to end Russian oil purchases
    Image for Small drone fell on Polish army base, military police say
    Small drone fell on Polish army base, military police say
    Image for South African white separatists claim land acquired from Zulu king then lost to British
    South African white separatists claim land acquired from Zulu king then lost to British
    Image for Portugal counts multi‑billion‑euro damage after Storm Kristin tears off roofs
    Portugal counts multi‑billion‑euro damage after Storm Kristin tears off roofs
    Image for Ukraine's Zelenskiy says dignified, lasting peace realistic, ahead of talks
    Ukraine's Zelenskiy says dignified, lasting peace realistic, ahead of talks
    Image for LVMH champagne arm settles dispute with workers over bonuses, union says
    LVMH champagne arm settles dispute with workers over bonuses, union says
    View All Headlines Posts
    Previous Headlines PostHungary economy may grow 2%-3% this year, below forecast in budget, official says
    Next Headlines PostAmazon debuts new Alexa voice assistant with AI overhaul