Media Release The workhorse of the Wellard’s livestock shipping fleet, the M/V Ocean Drover, has celebrated the success of its 200th voyage. Launched twenty years ago as the M/V Becrux (it was renamed the M/V Ocean Drover in 2009), the vessel was a breakthrough for the live export sector as it was first large livestock […]

ASX Announcement             Wellard Ltd (Wellard, ASX:WLD) advises that it recorded its best full year Earnings Before Interest Tax Depreciation and Amortisation (EBITDA) result of $23.3 million in FY2020, as the Company began to realise the benefits of its debt restructure program to record its first full year financial profit since listing on […]

ASX Announcement Highlights Sale of MV Ocean Shearer completed for US$53.0 million (approx. A$89.8 million1) to reduce Wellard financial debt2 to US$16.9 (approx. A$28.7 million); US$40.8 million (approx. A$69.1 million) reduction in existing debt; US$12.2 million (approx. A$20.7 million) increase in cash on hand; Wellard’s fleet right-sized to three vessels; Successful sale transaction will complete company […]

ASX Announcement Wellard Limited (Wellard) has today been served with a class action proceeding filed in the Federal Court of Australia in Victoria. The proceeding filed by Quinn Emanuel Urquhart & Sullivan is on behalf of all persons who or which: acquired an interest: in ordinary shares in Wellard between 8 December 2015 and 31 August […]

ASX Announcement Wellard Ltd (Wellard, ASX:WLD) advises that it recorded Earnings Before Interest Tax Depreciation and Amortisation (EBITDA) of $10.8 million and a net loss after tax of $2.1 million in the six months to 31 December 2019, as the Company continued to restructure its operations and balance sheet. Revenue declined from $188.2m to $49.1m reflecting the […]

ASX Announcement Highlights Sale of MV Ocean Shearer for US$53.0 million (approx. A$77.8 million1) to reduce Wellard financial debt to US$16.7 (approx. A$24.6 million)2; US$42.3 million (approx. A$62.0 million) reduction in existing debt; US$10.7 million (approx. A$15.8 million) increase in cash on hand; Wellard’s fleet right-sized to three vessels (two owned and one exclusively leased); Successful […]

ASX Announcement Welcome I would like to welcome shareholders to the 2019 Wellard AGM, my second as Executive Chairman of the Company. As with last year, I will provide a brief chairman’s address before providing more detailed information about the operations and finances of the Company in my executive capacity, alongside the Company’s Chief Financial Officer John Stevenson. […]

ASX Announcement Wellard Ltd (Wellard, ASX:WLD) advises that shareholders have voted this morning to approve the sale for US$22M, and lease back of the livestock vessel the MV Ocean Swagman to Heytesbury Singapore Pte Ltd, a subsidiary of Heytesbury Holdings Company Pty Ltd. 73.40% of votes cast in person or by proxy were in favour […]

ASX Announcement Wellard Ltd (Wellard, ASX:WLD) advises that it retained positive EBITDA and cashflow for FY2019, however poor trading conditions in the second half of the financial year (H2 FY2019), vessel impairments and financing costs contributed to a net loss after tax of $48.4 million (FY2018: $36.4 million). Improved EBITDA of $12.0 million (FY2018: $9.8 million), operating […]

ASX Announcement Wellard Limited (ASX:WLD) (Wellard or the Company) advises that it will proceed with the sale of the M/V Ocean Swagman to Heytesbury Holding Company Pty Ltd (Heytesbury) for US$22M. The transaction also includes a bareboat charter of the vessel back from Heytesbury to Wellard immediately upon completion of the sale which is expected to complete on […]

ASX Announcement Wellard Limited (ASX:WLD) (Wellard or the Company) advises that it has reached a conditional agreement with Ruchira Ships Limited (Ruchira) to extend by 24-28 months the repayment schedules for the M/V Ocean Ute (Ocean Ute) and M/V Ocean Drover (Ocean Drover) until December 2021. Ruchira effectively provides vessel finance on each of these vessels through a sale […]

ASX Announcement Wellard Limited (ASX:WLD) (Wellard or the Company) provides the following update regarding a transaction Term Sheet which it has signed as part of its overall strategy to recapitalise its business and restructure its operations, including its position with its Noteholders. KEY ELEMENTS: Sale of M/V Ocean Swagman: Heytesbury Holding Company Pty Ltd or its subsidiary (“Heytesbury”) […]

Media Release Wellard is pleased to advise the excellent voyage performance from the recent MV Ocean Drover shipment of sheep and cattle from Fremantle to Kuwait/UAE. It was the last voyage before the commencement of an industry-led, three-month Middle Eastern Summer shipment moratorium and a voyage that would have been banned under proposed new heat […]

ASX Announcement Wellard Limited (ASX:WLD) (Wellard or the Company) provides the following update on its debt restructure. As announced on 1 April 2019, Wellard agreed a standstill with its noteholders in respect of certain defaults existing under its notes. The standstill period was scheduled to end on 30 September 2019, and during the standstill period Wellard was to […]

ASX Announcement Wellard Limited (ASX:WLD) (Wellard) wishes to advise that Mr. Mauro Balzarini has ceased to be a director of Wellard. In accordance with Wellard’s constitution, Mr. Balzarini has ceased to be a director of Wellard and his office as director has automatically become vacant, due to his employment with the Wellard group now having ceased. For further […]

ASX Announcement Wellard Limited (ASX:WLD) (Wellard or the Company) announces today that Mr. Mauro Balzarini has ceased the role of Chief Executive Officer. Wellard has negotiated the removal of certain “key man” clauses and their consequences contained in its vessel finance agreement with Intesa Sanpaolo S.p.A. Therefore the cessation of Mr. Balzarini’s employment as CEO no longer […]

Company Announcement Wellard wishes to confirm six points with respect to its dairy heifer program supplying cattle to the Government of Sri Lanka. There was a successful pilot program in Sri Lanka in 2013 which gave all parties the confidence that the main program could be run successfully Wellard alerted the general public on 18 […]

ASX Announcement Wellard Limited (ASX:WLD) (Wellard or the Company) provides the following progress update on its turnaround plan. Asset Sales Wellard has completed the sale of its Wongan Hills feed mill and Baldivis Pre-Export Quarantine lease on a going-concern basis to Ausvision Rural Services, a subsidiary of Livestock Shipping Services. It has also completed the sale of its […]

Media statement Australian livestock exporter Wellard provides the following update on its dairy heifer export program with the Government of Sri Lanka, including plans to change the farmer selection criteria. Sri Lanka is a developing country and the dairy export program has successfully reduced Sri Lanka’s reliance on imported, powdered milk; fostered the growth of […]

ASX Announcement Wellard Limited (ASX:WLD) (Wellard or the Company) releases the address to be presented by the Chairman at the Company’s Annual General Meeting today at Manning Room, Level 3, Quest Fremantle, 8 Pakenham Street, Fremantle at 10.00am (WST). Welcome to the 2018 Wellard AGM, my first as Chairman of the Company. My chairman’s address won’t be long […]

ASX Announcement Wellard Ltd (Wellard, ASX:WLD) has reported a significantly improved financial performance for the 2017/18 financial year as it continues towards a return to positive reported earnings. Wellard achieved an EBITDA1 of $9.9 million in FY2018, which was a $32.2 million improvement on the EBITDA loss of $22.3 million in FY2017. Net Loss After […]

Media Release Wellard Ltd (Wellard, ASX:WLD) notes recent, significant changes to regulatory and commercial arrangements with respect to the live sheep trade to the Middle East, particularly the suspension of another exporter’s licence and the reported decision by a different exporter to temporarily cease activity in this trade. Wellard’s business is not materially affected by […]

Media Release Animal welfare is at the heart of Wellard’s operations, and our company has a long history of advocating reforms within the live export industry. Wellard welcomes the live export reforms announced by Federal Agriculture Minister David Littleproud and the Department of Agriculture and Water Resources today. The reforms are in response to a […]

ASX Announcement Wellard Ltd (Wellard, ASX:WLD) advises that it has received advice that exports of live cattle from Brazil have resumed after the Brazilian Government successfully applied to overturn an injunction which had temporarily suspended the trade in that country for two days. “The Brazilian Government has demonstrated its support for the live export trade […]

ASX Announcement Highlights Operating EBITDA positive at $8.9 million, a $14.2 million turnaround Net loss after tax of $7.5 million, a $10.4 million improvement on 1HFY17 ‘Costs Out’ program achieves $7.9 million reduction in total operational expenses and is ongoing Increased demand for charter vessels out of South America, but competition increasing Focus on converting […]

ASX Announcement Wellard Limited (ASX:WLD) (Wellard or the Company) releases the address to be presented by the Chairman at the Company’s Annual General Meeting today at Botanical 4, Lower Level, Crown Convention Centre, Great Eastern Highway, Burswood at 10.00am (WST). Chairman’s Address at 2017 AGM In my message to Wellard Limited shareholders contained in the FY2017 Annual […]

MEDIA RELEASE Wellard Limited (ASX:WLD): The Wellard designed and operated mid-sized livestock vessel, the MV Ocean Swagman, has completed its milestone 100th voyage. The MV Ocean Swagman was launched in 2009 with a revolutionary Dual Independent Propulsion System, comprising dual engine rooms and propellers, to provide it with levels of redundancy and therefore safety, rarely […]

ASX Announcement Wellard Limited (ASX:WLD) is pleased to announce that the Company’s first shipment of beef steers from Australia to China departed from Portland, Victoria, yesterday afternoon. Approximately 2000 cattle were loaded for the voyage to Shidao in the Chinese Province of Shandong. The cattle are being supplied to Rongcheng HCMH Trade and Service Co., Ltd, […]

ASX Announcement The Board of Wellard Limited (Wellard, ASX:WLD) announces that current Non-Executive Director, Fred Troncone, has been appointed ‘Executive Director – Operations’. Mr Troncone will assume management responsibility for all of Wellard’s day to day operational matters. “Wellard has been taking steps to improve its operations and performance, which Mr Troncone will continue to […]

ASX Announcement Wellard Limited (ASX:WLD) is pleased to announce it has agreed commercial terms for the Company’s historic first shipment of beef cattle to China. Approximately 2000 cattle will be loaded for the shipment from south east Australia. The cattle are being supplied to Rongcheng HCMH Trade and Service Co., Ltd, a subsidiary of Tai […]