Wellard livestock carrier heads to Slaughterhouse

Wellard livestock carrier heads to Slaughterhouse

Australian livestock shipping firm Wellard has sold a 2010-built ship to Israel’s Dabbah Slaughterhouse for $26m. Much of the proceeds will go to pay down debts.

The livestock vessel, Ocean Outback, can transport 6,000 cattle and 25,000 sheep, or a combination of both and is one of a fleet of five owned and operated by Wellard.

Wellard CEO Mauro Balzarini admitted 2017 has been “a very tough year” for the company. Wellard is pushing ahead with an A$53m capital raising program.

Last month, China’s Fulida became Wellard’s top shareholder.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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