Irish Revenue says a cargo ship, MV Matthew, seized in a drug-smuggling case, is transferred to a shipping company for a nominal fee. According to Revenue, the ship is moved to the acquiring company for one US dollar, described as “nominal,” despite the State having paid substantial sums to store the vessel. RTE reports that the ship’s storage has cost the Irish State millions, and that the transfer takes place following Revenue’s role in managing the seized asset. BreakingNews.ie provides the same core details, stating that the seized drug-smuggling cargo ship, which cost the State millions to store, is transferred for a nominal fee of one dollar. Both outlets attribute the information to Revenue and characterize the consideration as symbolic rather than reflective of the vessel’s overall cost and the expenses incurred during its period of storage. The reports focus on the transfer terms and the associated public spending, without adding further operational details about the ship’s future use or the circumstances of the original seizure.