An MSC boxship seized in the US following a $1.3bn cocaine bust is owned by JPMorgan Chase, US reports have claimed.

The 9,962-teu MSC Gayane (built 2018) was raided at the Port of Philadelphia on 17 June.

CNN cited a source close to the case as saying the vessel is owned by a transport strategy fund run by the bank's asset management unit, and chartered back to MSC.