MSC "Ship Seized In Record $1.3 Billion Cocaine Bust Belongs To JPMorgan"

Major NOTE: The first story says the ship, MSC's Gayane, is the world's "second largest container ship". This is fāke™ news (or more probably factual error caused by multiple stats and lack of editing but I prefer fāke™ ):

Probably not in the world's top 100 largest container ships

photo credit MarineTraffic

First up, ZeroHedge;

A few weeks ago we reported that around $1 billion worth of cocaine (15,500 kilos) was seized from a container ship at a Philadelphia port after having stopped in Colombia, Chile, Peru, Panama and the Bahamas (subsequently it turned out that it was a record $1.3 billion, or 18,000 kilos worth).

Today we learn that the vessel, the MSC Gayane, is owned by JP Morgan, and has been seized by US authorities according to the Wall Street Journal.  The Gayane is the world's second-largest container ship - operated by Switzerland-based Mediterranean Shipping Co, MSC.

"A seizure of a vessel this massive is complicated and unprecedented—but it is appropriate because the circumstances here are also unprecedented," said US Attorney William McSwain in a statement. "When a vessel brings such an outrageous amount of deadly drugs into Philadelphia waters, my office will pursue the most severe consequences possible against all involved parties in order to protect our district—and our country."

The Gayane was raided on June 17 by U.S. Customs and Border Protection agents who found about 20 tons of cocaine with a street value of $1.3 billion stashed in several containers. The ship had sailed from Freeport in the Bahamas and before that it called in Panama and Peru after starting its voyage in Chile. It was due to sail on to Europe after the U.S. stop.
“MSC remains grateful to the government officials in the U.S. for their proactive work and has offered its continued support, building on a longstanding track record of good cooperation with the authorities,” an MSC spokesman said in a statement. “MSC is assisting and cooperating with the authorities as required and the company is not the target of any investigation.” -Wall Street Journal

The $90 million ship that can carry around 10,000 containers remains anchored at the Delaware River near the Philadelphia port, and will stay there for quite some time according to the Journal....MORE

And from The Loadstar: 
All cargo on arrested MSC Gayane now back en route – except the cocaine

Previously:
Shipping: "Over $1 Billion Worth Of Cocaine Seized At Philadelphia Port, U.S. Attorney’s Office Says"