A ship owned by livestock exporter Wellard, capable of transporting 75,000 sheep, has been granted a certificate to start shipping live animals from Australia.
Revenue for Australia’s largest cattle exporter Wellard was “significantly impacted” by a difficulty to pass on higher livestock prices to Asian clients.
Wellard Ltd, one Australia’s foremost livestock transporters, is braced for a drop in earnings, with the high price of cattle expected to dent full-year trading figures.