The Wallachia was built in Southhampton by Oswald Mordaunt and was owned by Taylor & Cameron. In 1893 she was sold to William Burrell and was used on regular trips between Glasgow and the west Indies. On the 29th of September 1895 she left Glasgow bound for Trinidad with a general cargo of whiskey, beer, glassware, earthenware etc. The weather started to close in, at around 4.00pm the Wallachia grounded off Innellan pier but she was quickly refloated. Shortly after this the Wallachia collided with the steamer Flos. Within 30 minutes of the first collision the Wallachia sank below the waters of the Clyde.

The wreck today :She now lies upright on a muddy seabed at a depth of 34 metres, her position is 55°51.7'N , 004°57.2'W . She is 260 feet in length and is largely intact, there is a large gash on her starboard bow which happened during the collision with the Flos, this area is also covered in fishing nets so care is required in the section. It is possably to enter into the superstrucure but care is required due to the large amounts of silt that have settled over the years.

The wreck lies very close to the ferry route between Wemyss Bay and Rothesay so good boat cover and a clearly visible 'A'flag are essential.