A chemical and products tanker controlled by Hanaro Shipping has fetched a price above estimates in a second-hand sale.

Brokers report that the South Korean shipowner's 17,500-dwt Sea Ruby (built 2010) went for $18.3m in the sale to an undisclosed buyer.

Seasure Shipbrokers valuation platform VesselsValue had valued the six-year-old tanker at less than $14.1m.

MarineLine-coated

Brokers point out that the ship has MarineLine polymer coating.

Hanaro