News: WLD Wellard updates on MV Ocean Swagman

Jan 8 (Reuters) - Wellard Ltd (WLD) :

• Update on the mv ocean swagman
• Says the cattle, which are being exported by Wellard, have been loaded onto a chartered vessel
• Has taken precautionary decision not to load vessel's sister ship, the MV Ocean Swagman, with cattle as planned in Montevideo, Uruguay
• Has decided to undertake mechanical works on vessel to confirm it complies with wellard's safety, operational and efficiency requirements for long haul voyages
• Wellard is working with the manufacturer of the MV Ocean Outback and MV Ocean Swagman engines to identify the root cause of the issue
• Has determined that MV Ocean Swagman decision will not have a material impact on the company's financial forecast