Wellard offloads another ship for $22 million in a bid to stay afloat

Vernon Graham
Updated July 10 2019 - 2:21pm, first published July 4 2019 - 4:00pm
SHIP AHOY: Australia's biggest livestock shipper, Wellard, has sold another of its vessels and will lease it back as part of a plan to reduce debt.
SHIP AHOY: Australia's biggest livestock shipper, Wellard, has sold another of its vessels and will lease it back as part of a plan to reduce debt.

Cash-strapped livestock shipper, Wellard Limited, has sold another of its vessels, MV Ocean Swagman, for $22 million.

Vernon Graham

Vernon Graham

National machinery and property writer

Former editor of The Land, former Fairfax Media Agricultural Editor

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