The cutter was working on a 72-day-patrol in the Caribbean Sea in order to perform counter-drug and migration operations.
The Coast Guard and San Diego lifeguards confirmed that the panga was a smuggling boat.
The Monday incident was the third encounter in the last month where Iranian fast-attack boats sped toward American ships.
The National Weather Service issued a Special Marine Warning Thursday for the coastal waters from Louisiana's Port Fourchon to the lower region of the Atchafalaya River.
"This interdiction and drug seizure was a big win for our Navy and Coast Guard team," said U.S.S. Preble Commanding Officer Commander Leonardo Giovannelli.
The U.S. Coast Guard suspended a search Tuesday afternoon for four adults and three children, who were reportedly on a boat in distress Monday night.
The drugs seized between October and early December are worth up to $312 million, officials said on Wednesday.
The crew of a commercial fishing vessel rescued the exhausted man.
"It looked like it was coming down in the sand on top of people," one witness said.
The cruise liner was on its final day of a four-day cruise when the 37-year-old fell into the water.
U.S. Coast Guard Captain Kevin Oditt said authorities deployed 8,500-feet of boom to capture the chemical waste in the water.
"He's not going to thank law enforcement because he's probably not happy about what law enforcement did," Michael Steele speculated.
There are reports, citing official court documents, suggesting Hasson was embarking on a plot to attack the homeland.
42,000 active-duty U.S. Coast Guard members will be working without pay.
"While it may be uncomfortable to deal with the hard facts, it's best to avoid the 'hide your head in the sand' reaction," the Coast Guard said in a now-removed tip sheet.
The U.S. Coast Guard has been preserving its mission to carry out essential duties — without funding .
The crash is believed to have happened shortly before 10 a.m. on Thursday.
The man was found drifting in the water by a second cruise ship 22 hours after he went overboard.
The 30th annual Fleet Week in New York City began on Wednesday with the Parade of Ships.
The 735-foot cargo ship was en route to San Juan, Puerto Rico, from Jacksonville, Florida.
Around 6,000 ships have met their end in the five Great Lakes.