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The LÉ Aisling was sold by the Department of Defence in 2017 for €110,000 to a Dutch company.
The ship has since gone up for sale for €683,000 by a private seller.
It’s being sold by the Dutch ship broker who bought it earlier this year.
The vessel has a long and distinguished service record.
The Taoiseach has made the purchase in his role as Minister for Defence.
The ship was taken out of action for a period this week while items were inspected for asbestos.
The stricken vessel is being towed by LÉ Aisling.
The Defence Forces have made this video showing the work of the armed teams who search suspect vessels suspected of smuggling drugs into Ireland.
The vessel was detained off the coast of Clare and is being held over an alleged breach of fishing regulations.
The vessel was detained off the Cork coast this afternoon over an alleged breach of fishing regulations.