Wellard considers ship sale after loan costs blow out

Andrew Marshall
Updated July 10 2019 - 2:33pm, first published June 11 2019 - 2:10pm
Wellard's MV Ocean Drover could be put up for sale to help the company avoid a futher blowout in debt costs.
Wellard's MV Ocean Drover could be put up for sale to help the company avoid a futher blowout in debt costs.

Financially-stretched livestock exporter, Wellard Limited, is considering selling one of its four remaining ships to help pay off about $22.3 million owing to offshore convertible noteholders.

Andrew Marshall

Andrew Marshall

National agribusiness writer

Andrew Marshall is the group agribusiness writer for ACM's state agricultural weeklies and websites. He is a former editor at The Land and has worked in various Rural Press group roles in Canberra, North Richmond (NSW) and Toowoomba (Qld).

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