The MV Matthew has been berthed in Co Cork since it was seized in September 2023. Photograph: Niall Carson/PA WireIt is not possible to provide a firm timeline for the sale of a large cargo ship seized by the State as part of the country’s largest cocaine haul that is costing €110,000 per week to detain in Cork, the Revenue Commissioners said. Revenue said that detaining a vessel the size of the MV Matthew was “without precedent in this jurisdiction”. “All necessary actions for the safe and secure management of the vessel since its detention have been undertaken by Revenue. It said that between September 2023 and the end of November 2025, berthing costs in Cork were €3.128 million.

Source: The Irish Times December 11, 2025 22:32 UTC