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    Shipping Company Acquires MV Matthew for $1

    1 week ago

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    The MV Matthew, a seized drug-smuggling cargo ship, was transferred to a company for just $1 after costing the State millions to store. Detained in September 2023 during a major cocaine seizure, the ship's disposal was delayed due to legal obligations. Revenue reported that maintaining the vessel incurred costs of approximately €17 million.
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