Over 2,000kgs of the drug was discovered off the coast of Cork.
Six men remain in custody following the seizure of €157 million worth of cocaine.
Over 2,000kgs of the drug was discovered on the cargo ship MV Matthew after it was boarded by Army Rangers off the Cork coast earlier this week.
The ship remains under armed guard in Cork Harbour and a forensic examination and search are ongoing.
Crime and Defence Editor at the Irish Daily Star and Mirror, Mick O’Toole, says the drugs were not transferred to the trawler that ran aground off the coast of Wexford:
An Ireland South MEP says the seizure highlights the urgent need to strengthen Ireland's maritime security and surveillance capacity.
Seán Kelly has highlighted a recent International Security Policy submission made by him and four other Irish MEPs which raised concern about the threats posed by non-state actors such as organised crime groups.
The submission warns that Ireland is a 'soft target' and calls for more investment in the country’s Defence Forces.
Mr. O’Toole, says seizures like the one made this week are rare:
Biodiversity Week Heralds Celebration Of Midlands "Flora And Fauna"
Offaly Job Fair Has Proven Track Record - Tullamore Chamber Of Commerce
Defence Forces Design Needs To Come Before New HQ Says Tánaiste
Hoped Jobs In Offaly Private Hospital Will Be New
Residents Of Laois IPAS Centre Felt They Weren't Being Listened To
Calls To Establish MIDOC-Like Mental Health Service In Laois
Man Charged In Connection With Midlands GAA Club Break-In
Unsanctioned Modular Homes Removed From Westmeath Village
Woman Living With Colitis - People Who Meet Me Wouldn't Know I Was Ill"
Residents In Westmeath Town Turn Out To Oppose Unsanctioned Modular Homes
Man Hospitalised After 'Serious' Westmeath Assault
Lack Of Accessible Taxis In Laois Leaves Them Unavailable When Needed - Councillor Walsh
New Offaly Hospital To Create Up To 300 New Jobs
Over 1,000 Premises In Westmeath Added To High Speed Broadband Area
Central Location Makes Custume Barracks Ideal For Army HQ - Troy
Man Dies In Midlands Workplace Incident
Calls For An Offaly Train Station To Have Its Own Station Master Again
TUS Honoured For Work On Gender Equality
Laois Candidate Left "Disappointed" After Posters Go Missing
Garda Divisional HQ For Laois Offaly Won't Be Complete Until 2027