Drugs ship MV Matthew more likely to be scrapped than sold after costing the State €20m, PAC told

Revenue warns the MV Matthew could cost the State over €20m as regulatory issues stall its sale or scrapping

The MV Matthew has been berthed in Cork Harbour since its seizure during a massive cocaine raid in September 2023. File photo: Niall Carson/PA

The notorious MV Matthew will “hopefully” be disposed of within the next six months, at which point maintenance of the ship, which was caught up in a massive drug seizure off the Cork coast, will have cost the State more than €20m.

Chair of the Revenue Commissioners Niall Cody told the Public Accounts Committee (PAC) that it is more likely that the ship, which has been berthed in Cork Harbour since its seizure during a massive cocaine raid in September 2023, will be scrapped than sold.