Woori Bank has sold off a quartet of tankers in the fleet of Hanjin Shipping.

The bank secured $58.6m for the quartet, helping it recover debt on the ships, the Korean Herald reports.

The quartet are the first sales from the 44 strong Hanjin fleet that were handed over to banks when it filed for court protection.

While the individual ships were not identified, two of the tankers were reported to have fetched $14.65m,