{"id":284628,"date":"2026-01-14T21:57:06","date_gmt":"2026-01-14T21:57:06","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/284628\/"},"modified":"2026-01-14T21:57:06","modified_gmt":"2026-01-14T21:57:06","slug":"mv-matthew-maintenance-costs-reach-almost-e13-7m","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/284628\/","title":{"rendered":"MV Matthew maintenance costs reach almost \u20ac13.7m"},"content":{"rendered":"<p>New figures from Revenue show that the management and maintenance costs of the MV Matthew is now put at almost \u20ac13.7 million.<\/p>\n<p>The bulk cargo vessel was seized as part of the biggest cocaine seizure in Irish history in September 2023.<\/p>\n<p>Since then it has been tied up, for the most part, at the Port of Cork berth at Marino Point in Cork Harbour.<\/p>\n<p>In a statement, Revenue said keeping the vessel alongside in Cork from September 2023 to the end of December 2025 has cost just under \u20ac13.7m.<\/p>\n<p>That figure includes the cost of berthing, unberthing and moving the ship of \u20ac3,375,544.<\/p>\n<p>Maintenance, including ship&#8217;s stores and provisions, bunkering fuel, waste removal, repairs, as well as agent and professional fees and insurance is put at \u20ac5,732,669.<\/p>\n<p>Crewing has cost \u20ac4,584,700 to date.<\/p>\n<p>Revenue also confirmed that a sale of the vessel has not concluded but they continue to &#8220;engage with interested parties&#8221; as well as &#8220;exploring direct recycling options&#8221;.<\/p>\n<p>&#8220;In the meantime, work required for both the continued safe maintenance of the vessel in the harbour and to prepare for vessel departure, is ongoing,&#8221; Revenue said.<\/p>\n","protected":false},"excerpt":{"rendered":"New figures from Revenue show that the management and maintenance costs of the MV Matthew is now put&hellip;\n","protected":false},"author":2,"featured_media":284629,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[79,18,19,17],"class_list":{"0":"post-284628","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-eire","10":"tag-ie","11":"tag-ireland"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115895693825045816","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/284628","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=284628"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/284628\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/284629"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=284628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=284628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=284628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}