Shipbuilder Uljanik cancels order for Wellard’s new livestock carrier Ocean Kelpie
Construction of a new Wellard vessel has come to a halt after Croatian shipbuilder Uljanik cancelled its contract with the livestock exporter.
ASX-listed Wellard told the sharemarket this morning that Uljanik had terminated its contract to construct the Ocean Kelpie.
Wellard had announced in its latest annual report in August that it had started negotiations “to either exit or delay” the contract.
Ocean Kelpie, initially commissioned in March 2015, was floated as a mid-sized livestock carrier to transport 10,000 cattle or 40,000 sheep, or a combination of both, with a 12,500sqm net pen area.
“Wellard will immediately asses its response to Uljanik in order to protect its rights under the contract,” the company said.
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