Cocaine Smugglers Dealt 'a Great Blow' After Huge Drug Yacht Seizure 7.51K Jeff Neumann 10/14/10 05:27AM Filed to: Drugs Drugs Cocaine Australia Cops blow Australian authorities have seized a South American ship carrying over 1,000 pounds of cocaine, valued at $159 million, after a tip-off from the DEA. Australian Justice Minister Brendan O'Connor said the bust was "a great blow" to drug smugglers.