A livestock carrier “arrested” in December by Australian authorities for alleged non-payment of debts by its owners has been sold in a court-ordered auction for $9 million.
The Yangtze Fortune was anchored at Portland in Victoria late last year and was due to load cattle for China when the planned voyage was cancelled due to a crack being discovered in the ship’s hull.
In December the Federal Court declared the ship abandoned by its Hong Kong owners and ordered it to be placed in detention by the Admiralty Marshall and then sold to settle outstanding debts.
A crew up to 30 Filipino…
