PanamaTimes

Tuesday, Feb 24, 2026

2 Tonnes Of Cocaine Worth 400 Million Euros Found Floating At Sea In Italy

2 Tonnes Of Cocaine Worth 400 Million Euros Found Floating At Sea In Italy

The "peculiar packaging methods and the presence of a luminous device to allow tracking" suggest the haul was dumped at sea by a cargo ship in order for it to be recovered later, the statement added.
Almost 2 tonnes of cocaine with a market value of more than 400 million euros ($440 million) were found floating at sea off eastern Sicily, in what Italy's tax and customs police on Monday called a record seizure.

The drugs were stored in about 70 waterproof packages, carefully sealed, held together by fishermen's nets and equipped with a luminous signalling device, the Guardia di Finanza said in a statement.

The "peculiar packaging methods and the presence of a luminous device to allow tracking" suggest the haul was dumped at sea by a cargo ship in order for it to be recovered later, the statement added.

Monday's seizure compared with the 20 tonnes of cocaine that Italian police managed to intercept over the whole of 2021, its anti-drugs unit said in figures released last June, stressing that was the highest yearly amount on record.

Cocaine seizures increased more than five-fold from 3.6 tonnes in 2018, police noted at the time, describing Italy as a key transit route for the cocaine trade, and where Balkan criminal gangs were consolidating their positions.

"Congratulations to the Guardia di Finanza for this extraordinary operation: (I am) against all drugs and for life, no matter what", Deputy Prime Minister and Infrastructure Minister Matteo Salvini tweeted on Monday.
Newsletter

Related Articles

PanamaTimes
0:00
0:00
Close
President Trump warns countries against abandoning recent trade deals with the US
Unitree Robotics founder Wang Xingxing showcases future robot deployment during Spring Festival Gala.
Cuba adopts electric tricycles for transport amid fuel shortages
Cuba's fuel crisis leads to mounting waste in Havana
Eighty-Year-Old Lottery Winner Sentenced to 16.5 Years for Drug Trafficking
UK Green Party Considering Proposal to Legalize Heroin for an Inclusive Society
Investigation Launched at Winter Olympics Over Ski Jumpers Injecting Hyaluronic Acid
Wall Street Erases All Gains of 2026; Bitcoin Plummets 14% to $63,000
Cuba Warns It Has Only Weeks of Oil Remaining as US Pressure Tightens
The AI Hiring Doom Loop — Algorithmic Recruiting Filters Out Top Talent and Rewards Average or Fake Candidates
WhatsApp Develops New Meta AI Features to Enhance User Control
U.S. winter storm triggers 13,000-plus flight cancellations and 160,000 power outages
America’s Venezuela Oil Grip Meets China’s Demand: Market Power, Legal Shockwaves, and the New Rules of Energy Leverage
There is no sovereign immunity for poisoning millions with drugs.
President Trump Says United States Will Administer Venezuela Until a Secure Leadership Transition
Delta Force Identified as Unit Behind U.S. Operation That Captured Venezuela’s President
Trump Announces U.S. Large-Scale Strike on Venezuela, Declares President Maduro and Wife Captured
The Pilot Barricaded Himself in the Cockpit and Refused to Take Off: "We Are Not Leaving Until I Receive My Salary"
Hackers Are Hiding Malware in Open-Source Tools and IDE Extensions
White House launches ‘Hall of Shame’ site to publicly condemn media outlets for alleged bias
Families Accuse OpenAI of Enabling ‘AI-Driven Delusions’ After Multiple Suicides
Maduro Tightens Security Measures as U.S. Strike Threat Intensifies
U.S. Issues Alert Declaring Venezuelan Airspace a Hazard Due to Escalating Security Conditions
A Decade of Innovation Stagnation at Apple: The Cook Era Critique
Nancy Pelosi Finally Announces She Will Not Seek Re-Election, Signalling End of Long Congressional Career
Erling Haaland’s Remarkable Run: 13 Premier League Goals in 10 Matches and Eyes on History
White House Refutes Reports That US Targeting Military Sites in Venezuela
Hurricane Melissa Strikes Cuba After Devastating Jamaica With Record Winds
U.S. Targets Maritime Narco-Routes While Border Pressure to Mexico Remains Limited
Argentina’s Markets Surge as Milei’s Party Secures Major Win
U.S. Treasury Sanctions Colombia’s President Gustavo Petro over Drug-Trafficking Allegations
‘I Am Not Done’: Kamala Harris Signals Possible 2028 White House Run
Ecuadorian President Daniel Noboa Alleges Poison Plot via Chocolate and Jam
Trump Accuses Colombia’s President of Drug-Leadership and Announces End to US Aid
"The Tsunami Is Coming, and It’s Massive": The World’s Richest Man Unveils a New AI Vision
U.S. Treasury Mobilises New $20 Billion Debt Facility to Stabilise Argentina
A Dollar Coin Featuring Trump’s Portrait Expected to Be Issued Next Year
Trump Stands Firm in Shutdown Showdown and Declares War on Drug Cartels — Turning Crisis into Opportunity
FBI Strikes Deep in Maduro’s Financial Web with Bold Money-Laundering Indictments
Sean ‘Diddy’ Combs Sentenced to Fifty Months in Prison Following Prostitution Conviction
New World Screwworm Creeps Within Seventy Miles of U.S. Border, Threatening Cattle Sector
Colombian President Petro Vows to Mobilize Volunteers for Gaza and Joins List of Fighters
Trump Orders Third Lethal Strike on Drug-Trafficking Vessel as U.S. Expands Maritime Counter-Narcotics Operations
US Launches New Pilot Program to Accelerate eVTOL Air Taxi Deployment
New OpenAI Study Finds Majority of ChatGPT Use Is Personal, Not Professional
Actor, director, environmentalist Robert Redford dies at 89
Florida Hospital Welcomes Its Largest-Ever Baby: Annan, Nearly Fourteen Pounds at Birth
Could AI Nursing Robots Help Healthcare Staffing Shortages?
In a politically motivated trial: Bolsonaro Sentenced to 27 Years for Plotting Coup After 2022 Defeat
In a highly politically motivated trial, Brazil’s Supreme Court finds former leader Bolsonaro guilty of plotting coup
×