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MSC Gayane Released After $50 Million Bond Posted

CBP released a recently seized ship after a $50 million bond was posted, William McSwain, U.S. attorney for the Eastern District of Pennsylvania, said in a Twitter post. "Progress on our MSC Gayane ship seizure: Today, my Office secured $10…

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million in cash and a $40 million surety bond from the owner and operator of the vessel in exchange for its temporary release pending a final resolution in this case." The entire ship was seized after more than a billion dollars' worth of cocaine was found aboard the MSC Gayane while at the Port of Philadelphia (see 1907080061).